Mortgage Fund Buys Treasury Bonds
Azerbaijan Mortgage Fund (AMF) under the Central Bank buys government short-term bonds (T-bills) issued by the Ministry of Finance. Thus, the Fund provides the current liquidity, experts of an investment company consider.
At the Stock Exchange trades on secondary trading of T-bills CBA acts on behalf of the AMF. According to the Baku Stock Exchange, on April 7 AMF bought 35 thousand T-bills, paying 3 million 440.5 thousand manats for them.
“The Mortgage Fund places its debt securities under 3% per annum. At the same time the Fund purchases securities with profitability guaranteed by the state at not less than 7%,” an analyst of the Capital Management investment firm Jafar Ibrahimov said.
It is noteworthy that among the other investors, the buyer of mortgage bonds is CBA, thus ensuring their liquidity. Such deals were last produced on 1 and 5 April, amounting to over 2 million manats. ---08B
-
- Economics
- 12 April 2016 13:57
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review