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
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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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