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 Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
-
Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
Leave a review