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
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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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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