"FINCA Azerbaijan" NBCO to place new bonds tomorrow
Tomorrow the Baku Stock Exchange (BSE) will hold an auction on placement of new interest-free, unsecured, undocumented bonds of non-bank credit organisation "FINCA Azerbaijan" (NBCO) with the code AZ2006019205 ISIN, nominal value of USD 2.5 million, with 18-month circulation term. This is reported by the BSE.
The message says that by the decision of the BSE Listing Committee 2,500 bonds with face value from $1,000 were included in the standard segment of the market. Securities will be placed by competitive auction method. They are promised yield of 9% APR. Interest will be paid every 3 months. Underwriter of the offering is the investment company "Unicapital".
Finance
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Rising prices for electricity, natural gas and heat in Azerbaijan since the beginning of this year may have a significant impact on annual inflation at the level of 0.51 %.
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The Central Bank of Azerbaijan (CBA) forecasts that an average price of a barrel of oil in the world market in 2025 will be $77.3, and the price of 1000 cubic metres of natural gas - $349.
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The Central Bank of Azerbaijan (CBA) forecasts that by the end of 2025 the country's economic growth will be 3.3 %, including the production of gross domestic product (GDP) in the non-oil and gas sector to grow by 5.2 %.
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According to updated forecasts of the Central Bank of Azerbaijan (CBA), annual inflation is expected to be about 5.5 % in 2025 and about 3.8 % in 2026.This is reported on the CBA's website.
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