Short-term government bonds (state T-bills) Series AZ0101057393 a 4 million manat were placed at the auction held November 19 at the Baku Stock Exchange.
Total volume of applications submitted by the sole bidder was exactly 4,001,000 manats at face value. The application was provided and satisfied at the price of 99.86 % (YTM 1.46 %).
Repayment of T-bills will take place December 24, 2013.
On the same day there were trades on placement of short-term bonds (state T-bills) Series AZ0102058390 from the Ministry of Finance.
As stated in the Stock Exchange, the auction was attended by one investor and the total bid amount was equal to 201,000 manats at face value.
Nominal application, able to bring a 1.93 % yield, was not satisfied by the issuer. - 15D -
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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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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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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