BAKU, Azerbaijan, November 3. Bonds issued by
OJSC “GL” with a total value of 800,000 manat ($470,796) have been
state registered.
This was noted in the information regarding the state
registration of securities.
According to the information, the company issued a total of
8,000 bonds across two issues. The face value of each bond is 100
manat ($58.85).
The total face value of the 3,000 bonds in the first issue is
300,000 manat ($176,548), while the value of the 5,000 bonds in the
second issue is 500,000 manat ($294,247).
Both issues were placed through a public offering and registered
on October 9, 2026.
“GL Group” is an Azerbaijani private energy company founded in
2019. In May 2024, the company expanded its operations,
transforming into a group comprising several companies in the
energy sector.
GL Group conducts oil and gas operations at the Kursangi,
Karabaghli, Buzovna-Mashtaga, Gala, and Zira fields in Azerbaijan.
The company’s business areas include oil and gas production,
drilling, and technical services; beginning in 2024, the company
expanded its operations to include energy assets in Türkiye, and in
2026, to the United States.
