Ministry of Finance Places Part of T-bills
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
-
The 12th International Caspian Energy Forum commenced today in Baku, organized by the Caspian Energy Club in collaboration with Enermus, bringing together over 500 delegates from across the Caspian-Black Sea and Baltic regions.
-
The World Bank has recommended that Azerbaijan cut subsidies in its water sector to enhance system sustainability and address the escalating issue of water scarcity, Stephanie Stollmeister, Manager of the World Bank Representative Office in Azerbaijan, reported.
-
Last week, the Central Bank of Russia raised the interest rate from 18% to 19% annually. The decision to increase the rate was made against the backdrop of rising inflation expectations among the public and businesses.
-
Azerbaijan’s Cabinet of Ministers has announced a detailed timeline for the mandatory transition of labor contracts to an electronic document format, in accordance with a decree issued by the President of Azerbaijan on June 28, 2024. The resolution, signed on September 17 by Prime Minister Ali Asadov, outlines phased implementation deadlines for different categories of employers, with the aim of modernizing labor documentation and improving efficiency.
Leave a review