Short-term notes of the Central Bank of Azerbaijan (CBA) series 50104438S at the total amount of AZN 5 million were posted at the auction held November 6, 2013.
The announced offer was 30 million manat; put up for sale were notes for AZN 5 million , and the total demand for them from the two investors exceeded 10.2 mln at face value. Orders were presented in price range from 99.9145 % (YTM 1.10 %) to 99.9135 % (1.11 %).
Price cut for competitive bids in the CBA was at 99.9145 % (1.10 %) and it was equal to the weighted average price.
Repayment of the notes will be held on December 4 , 2013. At the previous session of the Central Bank notes were sold at a price of 1.09 % per annum. - 15D -
Economics
-
Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
-
Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
-
Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
-
Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
Leave a review