On October 28th “Opening Bell” ceremony was held at Baku Stock Exchange to mark the first bond issue of Azerbaijan Supermarket LLC, which includes Bravo Supermarkets in capital markets.
The underwriting service of the placement in the amount of 10 million manat was carried out by Pasha Capital Investment Company CJSC, a member of the BSE. Azerbaijan Supermarket LLC bond issue from Azerbaijan's non-oil sector is major for the development of local capital markets.
The opening ceremony was attended director of Azerbaijan Supermarket LLC Kevin Paul Landi, Deputy Director of Capital Markets Supervision Department of the Central Bank of Azerbaijan Samir İsmayılov, director of Pasha Capital investment company Jeyhun Hajiyev, chairman of BSE Eldar Abdullayev. BSE Chairman of the BSE Eldar Abdullayev announced the “Opening Bell” Ceremony and said that the bond issue implemented by TBC Credit through the stock exchange was a successful result of measures taken to develop the financial sector in Azerbaijan. At the same time, these bonds will diversify financial instruments in the corporate securities market and create a favorable investment climate with great opportunities for investors.
