15:41 - 6.12.2024

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December 6, Fineko/abc.az. In Azerbaijan, factoring company Ferrum Capital CJSC issues 1,000 bonds of 1,000 manats each.

ABC.AZ reports, referring to the prospectus of the issue or the information memorandum of the factoring company. The bonds are offered for 24-month term and annual yield of 12.5%.

If the reason why a company issues bonds is different from making a profit or insuring certain risks, the purpose of issuing bonds is to direct the funds raised to projects that will bring profit and expand factoring activities.

68% of the authorized capital of Ferrum Kapital belongs to Gafar Damirci, 23% to Mohammad Gabibzade, 4.5% to AQA Group CJSC and 4.5% to Vesta Investment CJSC. The supreme governing body of the company is the general meeting of its shareholders.