Joint Leasing prepares for bond emission

Joint Leasing prepares for bond emission
# 14 November 2013 13:45 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Joint Leasing Company is going to carry out corporate bond emission, said the Chairman of Board of Directors Elchin Ahmadov.

The bond emission with the circulation period of 5 years, YTM of 10% and total volume of AZN 10 mln is planned to be placed in the domestic market.

Moreover, the company has increased authorized capital to AZN 1.260 mln from AZN 700,000. At the same time, the company also intends to extend leasing spheres.

The company has 30%-equity in the market. Total leasing portfolio is AZN 32 mln and is planned to be reached AZN 35 mln by the year-end. At the same time, loan portfolio rose 60%.

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THE OPERATION IS BEING PERFORMED