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AtaLeasing prepares for new bond emission

AtaLeasing prepares for new bond emission

27 September 2011 14:02 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan-based AtaLeasing OCmpany prepares for new corporative bond emission in amount of AZN 1.5-2 mln, said the member of Board of Directors Javid Abbasov.

According to him, the emission is planned to place by the end of 2011: â€œBonds will be offered in lower interests and the interests on the bonds are considered to pay two times in a yearâ€.

Abbasov noted that, the earned means will be spent to extension of companyâ€™s leasing portfolio and the portfolio will increase by 50% to AZN 6 mln.

New investments are planned to place in riskless spheres. The additional means are planned to direct to the regions.

Remind that, AtaLeasing has been in operation since 2004.

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