Bonds placement has been started by the closed-type JSC Yapi Kredi Bank Azerbaijan.
According to the Baku Stock Exchange (BSE), the amount of the emission is 15 million manat.
The unsecured bonds are included in the non-quotation list of BSE. The emission is divided into 150,000 securities denominated in AZN 100 each.
The term of the placement is two calendar years and the yield is 9% per annum. The underwriter of the accommodation is LLC Yapi Kredi Invest.
Yapi Kredi Bank Azerbaijan was established in 1998, and in 2007 it received the status of closed-type JSC.
The Chairman of the Supervisory Board is Faik Achykalyn Hussein. The Chairman of the Board is Altan Senturk.
The shareholders are three Turkish companies. - 17D-
Economics
-
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.
-
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.
-
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.
-
"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.
Leave a review