At the auction on placing T-bills of a 91-day circulation term on August 2 the Ministry of Finance sold investors securities in the total amount of 15 million 186.3 thousand AZN in face value.
The Baku Stock Exchange told Turan in the course of the auction the interest rate was set on the bond yield of 6.45% per annum. The securities were partially acquired at the return level of 11.01%.
Totally the Finance Ministry auctioned bonds worth 20 million AZN at face value.
Five investors participated in the auction. Compared to the previous auction (12 July), the interest rates on T-bills rose by 1-4 percentage points. ------08D
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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