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Azerbaijan's metal production company eyes issuing bonds

Finance Materials 10 January 2023 13:45 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, January 10. Azerbaijan’s AzeSteelCompany OJSC (formerly Express-C LLC) plans to issue bonds worth 1.5 million manat ($880,000), Trend reports via the Central Bank of Azerbaijan.

According to the bank, the issuance is divided into 1,500 bonds with a nominal value of 1,000 manat ($590) each.

The company was founded in 2003 as Express-C LLC. In 2021, it changed its legal status and became an open joint stock company. The company, after rebranding in 2022, continues its activities under the name of AzeSteelCompany OJSC.

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