Short-term notes of the Central Bank of Azerbaijan (CBA) series 50103734S totaling AZN 8 million were posted in the auction, which was held September 12, 2012.
The announced offer made up 35 million manat; notes for AZN 10 million were put up for sale, and the total demand for them by the two investors was AZN 8 million at face value. The orders were presented in price range from 99.8749% (YTM 1.61%) to 99.8912% (1.40%).
The price cut for competitive bids in the CBA was at 99.8749% (1.61%) and the weighted average price was at 99.8892% (1.43%).
Repayment of the notes will be on 10 October 2012. - 15D -
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review