Short-term government bonds (T-bills) Series AZ0102006399 in the amount of AZN 2.51 million were posted in the auction, which took place on May 7 at the Baku Stock Exchange (BSE).
The claimed amount of bonds was 3 million manat and the demand for them from one trader was exactly 2.51 mln at face value. The application was submitted with 99.53% (YTM 1.89%).
Cut-off price was set by the Ministry of Finance at the level of 99.53% (1.89%) and the weighted average.
Repayment of T-bills held August 6, 2013. - 15D -
Economics
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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