The Financial Markets Supervision Authority registered the next issue of mortgage bonds of Azerbaijan Mortgage Fund (AMF) in the amount of 20 million manat.
It registered 20,000 mortgage bonds at a nominal value of 1,000 manat each.
Note that AMF planned placement of mortgage bonds in the amount of AZN 50 million. Accommodation is conducted in three issues.
On January 27 AMF placed the first issue of mortgage bonds totaling 10 million manat, and on February 9 – AZN 20 million.
The bonds with 3% of the annual income will be in circulation for 3,600 days.
This year, AMF will receive AZN 50 million from the state budget for mortgage loans. ------71D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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