OREANDA-NEWS. October 20, 2009. Azerbaycan Elektronikasi CJSC (AZEL) is planning to participate in the listing of the Baku Stock Exchange.

AZEL Supervisory Board’s director Igor Yakovenko says that the Company plans to take part in the BSE listing.

“This year AZEL has placed successfully corporate bonds for US3 million for two years. We want to thank the management of the State Securities Committee, the BSE and company YapiKredi Invest due to which the placement turned out successful,” Yakovenko said.

But together with that, according to Yakovenko, at the moment AZEL does not plan participation in the listing of Istanbul Stock Exchange.

AZEL has charter capital of AZN 3.7 million and turnover of AZN 20 million a year. It has set out 3 issues of bonds at the Exchange – for AZN 1 million, AZN 1.5 million and AZN 3 million in 2007-9.