Short-term notes of the Central Bank of Azerbaijan (CBA) series 50104338S at the total amount of AZN 5 million posted in the auction, which was held October 30, 2013.
The announced offer made 30 million mantas; put up for sale were notes for AZN 5 million and the total demand for them from the two investors exceeded 10 mln AZN at face value. Orders were presented in price range from 99.9125 % (YTM 1.13 %) to 99.9150 % (1.09 %).
Price cut for competitive bids in the CBA was 99.9150 % (1.09 %) and equal to the weighted average price.
Repayment of notes is to be on November 27, 2013. At the previous session of the Central Bank notes were sold at a price of 1.13% per annum. - 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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