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
-
Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
-
Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
-
Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
-
Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
Leave a review