Investors bought the notes of CBA at 1.13 % per annum
Short-term notes of the Central Bank of Azerbaijan ( CBA) series 50103838S at the total amount of AZN 5 million were posted in the auction , which was held September 25, 2013 .
The announced offer of 30 million manat were put up for sale notes for AZN 5 million , and the total demand for them from the two investors exceeded 15 bn at face value . Orders were presented in price range from 99.9125 % (YTM 1.13 %) to 99.9106 % (1.15 %).
Price cut for competitive bids in the CBA at 99.9125 % (1.13 %) and was equal to the weighted average price.
Repayment of the notes will be held October 23, 2013. At the previous session of the Central Bank notes were sold at a price of 1.13% per annum. - 15D -
Economics
-
Emin Agalarov, an Azerbaijani businessman and prominent figure in the country's entertainment industry, has reignited the debate over the legalization of gambling in Azerbaijan with his latest proposal to open a casino in the upscale Sea Breeze resort complex, located in the traditionally conservative village of Nardaran. In a candid interview with Russian journalist Ksenia Sobchak, Agalarov revealed that the initiative is currently under government review, stirring speculation about the potential impact on the country's economy and social fabric.
-
The State Oil Fund of Azerbaijan (SOFAR) reported revenues of $4.60 billion from the Azeri-Chirag-Guneshli (ACG) oil field in the January-September period of 2024, a decline of 12.1% compared to the same period last year. In 2023, SOFAR recorded revenues of $5.23 billion from ACG, the largest oil field in Azerbaijan.
-
Azerbaijan launched its first trade forum on Monday to highlight the opportunities and challenges faced by small and medium-sized enterprises (SMEs). The forum, titled “Opportunities, Current Situation and Challenges for SMEs,” aims to strengthen dialogue between the public and private sectors while promoting international business cooperation.
-
Vahid Magerramov, Head of the Public Association for Support of Agrarian Reforms, has raised concerns over rising consumer prices in Azerbaijan, warning that the inflation trend could have serious economic consequences for the country.
Leave a review