Azerbaijani leasing companies issue bonds
The Azerbaijani State Securities Committee registered the issue prospectus of the book-entry registered bonds of FinansLizinq and Joint Leasing Company to the amount of 195,000 manat and 10 million manat respectively.
Around 390 unsecured bonds of FinansLizinq are at a par value of 500 manat each and 10,000 secured bonds of Joint Leasing Company have a par value of 1000 manat.
FinansLizinq passed state registration on April 2, 2007. Presently, 16 Azerbaijani individuals are shareholders. The majority part of the shares is owned by Azad Javadov and Tokay Shakhalizade (15.83 per cent), Mobil Sharifov (15.17 per cent) and Ibrahim Ibrahimov (10 per cent).
Joint Leasing has been operating since June 14, 2007 as the legal successor of the JV Azerlizing Company. The founders of Joint Leasing are the British company Dolphin Leasing with52.3 per cent and the International Bank of Azerbaijan. First Leasing Company of Azerbaijan, JV Azerlizing was created in 1999.
The official exchange rate is 0.7845 AZN/USD on Dec. 26.
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