On the November 1 auction the Finance Ministry fully placed bonds worth 22 million manat with a circulation period of 91 days.
According to the protocol of the Baku Stock Exchange, the weighted average price of a bond amounted to 95 manat 66 gepiks at par value of 100 manat or 18.44% per annum. On several applications investors bought bonds even at the yield of up to 22% per annum.
In total, the auction was attended by 8 investors who placed 14 bids for a total of over 63 million manat.
From the sale of securities the Finance Ministry earned 21 million 51 thousand manat. -----08D
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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