JSC Uni Bank has amended the repayment terms for the interest-bearing bonds of debt conversion released in December 2010.
The Financial Market Control House registered the changes by its letter on 6 May, the bank stated (https://disclosure.az/araclar/uploads/2016/05/Aaa1.pdf). However, the same report notes that the redemption of the bonds at the nominal value was partly carried out on April 15 of this year, i.e. before the formal approval by the supervisory authority. It is about bonds totaling $ 2.5 million on the nominal value.
The rest of the value of the bonds (22.5 million USD) will be paid on May 16 this year. In fact, the bank extended the maturity of the bonds to investors for 30 days. With the release of these bonds it was assumed that at full pay of the interest on them and their repayment they could be converted into shares. ---- 08D
Economics
-
The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
-
The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
-
The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
-
Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
Leave a review