"Max" company has announced preparations for the issue of bonds in Azerbaijani manat.
The company has posted an information memorandum about this in the electronic disclosure system of the Central Bank of Azerbaijan.
The document says that it is planned to issue 500 units of bonds with a nominal value of AZN 1,000 to 500,000, with interest, without security, and without documents. The securities will be placed by public offering method and will be in circulation for 2 years. They are promised a yield of 13% per annum. Interest will be paid every 3 months.
Underwriter for the offering is JSC "Unicapital Investment" company.
It should be recalled that "Max" company, established in 2005 with an authorized capital of AZN 2,000, operates in the printing industry. Founders of the company are the Georgian "Max" company (74%) and "PASHA Investments" (25%) owned by "Pasa Holdinq" , and Anar Abbasov (1%), who holds the position of legal representative.
Source: Turan News Agency