Baku Stock Exchange today begins the placement of registered book-entry unsecured bonds of Credit House. Underwriter of the securities is LLC Chelsea Capital.
The State Committee for Securities registered at the end of last month the prospectus of Credit House bonds totaling 1 million manat. The par value of one bond is 1,000 AZN, the period is 720 days, and the annual interest rate is 8%.
The non-bank credit organization Credit House operates since 2011. It mainly focuses its activities on the issuance of loans to small and medium entrepreneurs and individual businesses, including micro, consumer, auto and term loans. - 15B -
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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