On September 23 “Opening Bell” ceremony was held at Baku Stock Exchange to mark the first bond issue of TBC Credit NBFI LLC in capital markets.
The underwriting service of the placement in the amount of 3 million manat was carried out by AzFinance Investment Company CJSC, a member of the BSE. TBC Credit's bond issue from Azerbaijan's non-oil sector is major for the development of local capital markets.
The opening ceremony was attended director of TBC Credit Ajdar Aliyev, director of AzFinance investment company Intigam Safaraliyev, director of AMFA (Azerbaijan Microfinance Association) Jala Hajiyeva and 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.
The Azerbaijan Microfinance Association (AMFA), which joined the Listing Advisory Program as a partner at the Baku Stock Exchange, attended the opening ceremony, positively assessed the bond issuance of Non-Bank Credit Institutions and noted the continuation of cooperation with the BSE.
