On February 12, the Ministry of Finance placed the second shipment of short-term bonds issued in US dollar denomination.
As Turan was told in the Baku Stock Exchange, two members of the exchange submitted applications for a total of $ 16.4 million at the suggestion of $ 10 million. The securities will be redeemed on February 10 next year. The yield on the bonds will be 3.08%. The investors demanded them from 2.99 to 5% of revenue.
It is noteworthy that the auction for the sale of medium-term bonds totaling $10 million did not take place due to the low applications ($ 2 million).
The purchase of manat bonds totaling 25 million manats did not receive any offers.
In two auctions the Ministry of Finance has placed bonds for 20 million AZN and $ 22 million. Totally the Ministry issued bonds for 400 million AZN and $ 500 million. ----08D
Economics
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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