On Friday, April 24, the Azerbaijan Mortgage Fund (AMF) will hold an auction of bonds for 3 million manat.
According to the Fund, this is the third placement of bonds in the framework of the ninth issue. Total will be exhibited three thousand securities par value of 1 thousand manat. The price of each exhibited bond is 100.8417%.
In January-April AMF held 2 auctions, in which in the current issue it placed bonds of 8 million manat. The ninth bond issue (volume of 50 million AZN) was registered by the State Committee for Securities (SCS) on December 30 last year. The emission is divided into 50,000 covered bonds denominated in one thousand manat per security. The maturity of bonds is 10 years and the rate is 3% per annum.
In 2009-2014, the AMF within eight issues posted bonds totaling 340 million manat. --17D-
Economics
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
-
At the COP29 event titled "Climate Finance Landscape in the South Caucasus and Central Asia" held on November 14, Roland Price, Regional Director of the World Bank for the South Caucasus, highlighted the substantial economic and environmental damage faced by the countries of the South Caucasus, which she estimated at around $100 million annually.
-
SOCAR Green, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has signed a series of agreements at the COP29 summit aimed at bolstering the development of renewable energy sources, enhancing energy efficiency, and promoting sustainable growth in Azerbaijan.
-
The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
Leave a review