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
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review