Short-term notes of the Central Bank of Azerbaijan (CBA) series 50100638S at the total amount of AZN 10 million posted in the auction, which was held February 13, 2013. Volume of accepted non-competitive bids amounted to 1.999 million manat.
The announced offer was 30 million manat. Put up for sale were notes for AZN 10 million, and the total demand for them by the two investors exceeded 23.9 mln at face value. The orders were presented in price range from 99.9060% (YTM 1.21%) to 99.8991% (1.30%).
Price cut for competitive bids in the CBA was at 99.9060% (1.21%) and was equal to the weighted average.
Repayment of the notes will be on 13 March 2013. At the previous auction of the Central Bank notes were sold at a price of 1.35% per annum. - 15D -
Economics
-
The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
-
The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
-
The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
-
Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
Leave a review