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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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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