Finance Ministry Allocates Bonds of Interest
The Ministry of Finance proceeds to the placement of government bonds of interest with a maturity period of two years.
The interest rate on government bonds is 15%. Prior to that, from 2016 the government has allocated only T-bills with maturity not exceeding 364 days. At the same time these securities were sold at a discount price.
The first package of bonds totaling 10 million AZN will be put up for auction at the Baku Stock Exchange on February 28.
BSE told Turan the payment of interest on the bonds will be carried out once in six months.
In total this year, the Ministry of Finance plans to place bonds with a maturity period of 728 days for a total amount of 100 million AZN.
The main investors in T-bills are commercial banks, which are experiencing problems with the placement of available funds.
It should be noted that the Central Bank attracts deposits also roughly at the same interest rate. ----08D
-
- Social
- 24 February 2017 13:53
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review