Short-term notes of the Central Bank of Azerbaijan (CBA) series 50105034S at the total amount of AZN 10 million posted in the auction, which took place December 12, 2012.
The announced offer was 30 million manats; put up for sale were notes for AZN 10 million, and the total demand for them from the six investors exceeded 38.5 mln at face value. The orders were presented in price range from 99.8331% (YTM 2.15%) to 99.7672% (3.00).
The price cut for competitive bids in the CBA was at 99.8288% (2.20%) and the weighted average price was at 99.8294% (2.20%).
Repayment of notes will be held on 9 January 2013. At the previous auction of the Central Bank notes were sold at a price of 2.74% per annum. - 15D -
Economics
-
Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
-
Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
-
Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
Leave a review