Auction on placement interest, secured by registered non-documentary bonds of the Azerbaijan Mortgage Fund (AMF) in the amount of AZN 5 million took place May 13, 2013 at the Baku Stock Exchange.
Ten papers were put up for sale at the current price of 101.1333%. If the claimed amount of bonds was AZN 5 million, demand for them on the part of the two bidders exceeded 5.19 mln at face value. The entire amount of bonds for the auction was fully invested.
Registered the issue prospectus of the Fund's bonds for a total amount of 40 million manat was registered by the State Committee for Securities on Friday. The nominal price of the bonds is equal to 1,000 manat, the interest rate is 3% per annum and maturity date - November 6, 2022-year. On today placed 47.5% (AZN 19 million) from this issue.
In 2009-2012 Mortgage Fund placed five issues for AZN 55 million, AZN 75 million, AZN 60 million, AZN 20 million and AZN 30 million manat each. - 15D -
Economics
-
Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
-
Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
-
Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
-
In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
Leave a review