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
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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