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
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review