On November 8 at Baku Stock Exchange the Ministry of Finance placed bonds in the amount of 15 million manat, with the circulation period of 364 days.
According to BSE, 6 investors filed 13 applications for a total amount of 34 million manat. As a result of the auction, bonds with par value of AZN 100 were sold at a weighted average price of AZN 87.07. In other words, their yield will be 14.97% per annum.
According to the last (25 October) auction, investors will receive a yield of 15.03% per annum.
Note that T-bills are discounted. Bonds for 15 million manat were placed. The Ministry of Finance raised AZN 13 million 71.3 thousand. At the end of the year, investors will get back their 15 million manat. ----08D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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