Baku 19° C
ABC-Telecom issues bonds for 7,5 million AZN
Finance
- 07 August, 2020
- 09:45
Add Report.az to preferred Google sources
Stay up to date with the top news!
ABC-Telecom LLC, the owner of the Kontakt Home trademark, is preparing to issue bonds, Report informs.
According to the company, 7,500 securities (7.5 million manats) with a face-value of 1,000 AZN will be placed in a closed manner. About 20 investors will buy them. The underwriter of the process is PASHA Capital Investment Company CJSC.
The bonds will be in circulation for one year, and the annual yield is 10%. It will be a monthly interest payment. The purpose of the issue is to increase working capital.
ABC-Telecom was established in 2006. Its authorized capital is 10,000 manats.
Author
Latest News
19:49
Photo
Azerbaijan, UAE discuss expanding Air Force cooperation
Military
19:24
Azerbaijan Press Council calls for responsible coverage in Turkish media
Media
19:07
Azerbaijan, Netherlands sign metrology cooperation memorandum
Business
18:48
Photo
NATO, Azerbaijan expand military cooperation
Military
18:32
Azerbaijan-Georgia trade rises 14.2% in January-September
Business
18:16
Photo
Leyla Aliyeva arrives in Turkmenistan
Foreign policy
18:16
Photo
Azerbaijan clears over 308,000 hectares of mines, unexploded ordnance
Domestic policy
18:12
Photo
Jeyhun Bayramov meets with outgoing Japanese ambassador
Foreign policy
18:08
Photo
Azerbaijani parliamentary delegation visits Ata-Beyit memorial in Bishkek
Foreign policy