Azerbaijan, Baku, Oct. 9 / Trend A. Akhundov /
Ansar Leasing, which was established by the Islamic Corporation for the Development of the Private Sector, is preparing to issue Islamic sukuk bonds, General Director Jeyhun Nagiyev told Trend on Saturday.
"We want to issue "sukuk "and place them on the local market," he said. 'We will start from $5 million, while the yield will be about 9-10 percent."
He said the company will consider the issuance of Islamic bonds overseas in the Persian Gulf countries in the future.
"We have conducted the preliminary talks with some investors," he said. "They are ready to purchase our Islamic bonds. At present, we consider the format of these securities. They must meet the requirements of both local law and the requirements of the Islamic sharia."
"Ansar Leasing" is a trademark of "Azerbaycan Lizinq" company, which was founded by the Islamic Corporation for Private Sector Development. It passed an official state registration on December 12, 2008. The company's goal is to render leasing services through financial leasing operations, based on the latest technologies in accordance with international standards. The company's authorized capital is 5 million manat.
The official exchange rate is 0,7851 AZN/USD as of Oct. 9.