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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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