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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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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