The Financial Markets Supervision House (FMSH) registered an issue of the total amount of AZN 700 million on January 27. The first tranche of bonds (15 million manats) was placed on the Stock Exchange on February 3. Information about the bond issue was presented on February 7.
According to FMSH, the Ministry of Finance plans to place 6 million short-term bonds with par value of AZN 100 each and 1 million pieces of medium-term bonds with the same face value.
As Turan was told in the Ministry of Finance, in the first quarter of this year it intends to offer investors bonds worth AZN 80 million in 6 tranches.
According to the Baku Stock Exchange, the Ministry of Finance in 2016 attracted through 421,500,000 manats through the issue of T-bills.
Government securities are issued in order to cover part of the budget deficit. ---08D
Economics
-
Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
-
Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
-
Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
Leave a review