NCO "International" to borrow AZN 5 million
Non-bank credit organisation "International" has announced the issue of bonds in the amount of AZN 5 million.
The credit organisation has placed the prospectus of the bond issue in the electronic information system of the Central Bank of Azerbaijan.
According to the document, it is planned to issue 5,000 pieces of non-cash, unsecured, interest-bearing bonds with a nominal value of AZN 1,000. The bonds will be in circulation for 2 years. They are promised to yield 15% per annum. Interest will be paid monthly. Underwriter of the placement is the investment company "Pasha Kapital".-
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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