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
-
The European Commission views Azerbaijan’s increasing gas exports to Europe as a vital alternative for ensuring the EU’s energy security, European Union Energy Commissioner Kadri Simson told Turan in an exclusive interview during the COP29 summit in Baku.
-
The State Oil Company of Azerbaijan (SOCAR), which joined the global Oil and Gas Methane Partnership 2.0 (OGMP 2.0) earlier this year, hosted a forum on November 15 within the "Green Zone" of COP29. The event, titled "OGMP 2.0 Leadership Forum," brought together key stakeholders to discuss progress and prospects for methane emissions reduction in the oil and gas industry.
-
Simon Stiell, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), highlighted the urgency of climate financing discussions ahead of his visit to the G20 summit in Rio de Janeiro from November 17-20. Stiell, speaking before departing from Baku where the 29th session of the UNFCCC is currently underway, underscored the pivotal nature of the negotiations taking place.
-
The State Oil Company of Azerbaijan (SOCAR) is strengthening its presence in Bulgaria's gas distribution sector, aiming to capture 7.5% of the market by the end of 2024. Currently, SOCAR supplies half of Bulgaria's natural gas needs and plans to further increase its market share through strategic partnerships and expanded distribution.
Leave a review