On June 17 the Financial Market Control House (FMCH) registered the issue of 4 million short-term bonds for 100 AZN each by the Finance Ministry. As Turan was told in the FMCH press service, the term of the bonds is limited to 12 months.
Meanwhile, on June 21 Baku Stock Exchange will host the next two auctions on placement of manat bonds of the previous issue. It is planned to place bonds totaling 10 million AZN with the maturity period of up to 182 days and those totaling 10 million AZN with the maturity period of up to 364 days.
Recall this is the second issue of manat bonds in a row. Earlier this year, the Ministry of Finance issued bonds of 400 million AZN and $ 500 million. -----08D
Economics
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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Croatian Prime Minister Andrej Plenković announced enhanced efforts by Croatia to protect the Adriatic Sea and advance renewable energy projects during his address at the COP29 summit in Baku on Wednesday.
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Italian Prime Minister Giorgia Meloni on Wednesday called for collective action to limit global warming to 1.5 degrees Celsius during her address at the COP29 summit in Baku, emphasizing the need for a united response to the climate crisis.
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Greek Prime Minister Kyriakos Mitsotakis on Wednesday urged European leaders to pursue a "smart green deal" at the COP29 summit in Baku, advocating for a balanced approach to the energy transition that takes into account both environmental and economic realities.
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