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 is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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