On the October 25th auction the Finance Ministry fully placed bonds worth 27 million manat, while the total volume of orders received from investors was 41 million manat.
At Baku Stock Exchange, 10 investors participated in the auction, submitting 20 applications in a different price range.
Following the auction, the weighted average price of the bonds with a circulation period of 364 days was 87 manat (15.03% per annum) at par value of 100 manat. The 182-day bonds of the Ministry of Finance were set the price at AZN 91.56 (18.57% per annum).
Thus, the Ministry raised 23 million 853 thousand manat from the investors. At the expiration of the period of circulation of the securities the Ministry of Finance will repay 27 million manat on them. -----08D
Economics
-
The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
-
Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
-
Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
-
The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
Leave a review