On March 15 at Baku Stock Exchange the Ministry of Finance placed bonds for a total of 10 million manats with maturity of 182 days.
According to the BSE, investors today (March 16) will pay the Ministry of Finance 9,383,626 AZN. The weighted average yield of the bonds will be 13.8% per annum.
Investors required yields in the range 25.19-12.09% on these securities. Total 10 investors submitted 20 applications for the purchase of government bonds for a total amount of 35.8 million manats. ------08D
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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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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