On May 3, the Ministry of Finance put on sale a new batch of short-term bonds, which it undertakes to repay within 91 days.
According to the Baku Stock Exchange, investors are offered bonds for a total amount of 15 million manat.
The Ministry of Finance has also changed the company to place its securities. The investment company Pasha Capital will be the underwriter. Previously this was done by Uni Capital.
Currently the interest rate on the Treasury bonds in AZN is a little more than the interest rate on insured deposits in AZN in banks (12%). ---08D
Economics
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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