The State Committee for Securities registered the July 23 issue of unsecured interest bonds of two non-bank credit organizations.
According to the SSC, LLC NBCO Premier intends to draw from the capital market $ 580 thousand and Inc. Credagro intends to draw 3 million manat. The Committee does not announce the interest rate or maturity of those securities.
LLC NBCO Premier has been operating from December 2014 and JSC Credagro - since 2000. Both lenders offer loans at different directions at least at 23% per annum.
In Azerbaijan, private corporate bonds are placed under the 8-15% per annum. Their issuers are mainly NBCOs, commercial banks, insurance and leasing companies. Currently in circulation there are 46 issues of public and private corporate bonds. -----08D
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review