Yesterday Baku Stock Exchange arranged trades, whereby OJSC Unibank managed to place bonds with a total nominal value of 10 million manat. An unknown investor for each bond worth 1,000 manat paid 7.31 manat more.
According to BSE, 50% of the bonds issued by Unibank have been placed. The bank bonds promising their customers gain of 9.75% per annum are offered to investors from 24 December.
OJSC Unibank is one of the active participants of the securities market in Azerbaijan. The bank has a solid experience in the sale of corporate bonds. The latest issue of bonds (AZ2010002023) will be in circulation for 720 days. ----08D
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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