Short-term notes of the Central Bank of Azerbaijan (CBA) series 50100538S at the total amount of AZN 10 million posted in the auction held on 6 February 2013. Volume of accepted non-competitive bids amounted to 1.999 million manat.
The announced offer of 30 million manat were put up for sale notes for AZN 10 million, and the total demand for them from three investors exceeded 21 mln at face value. Orders were presented in price range from 99.8989% (YTM 1.30%) to 99.8864% (1.46%)
Price cut for competitive bids in the CBA was at 99.8950% (1.35%) and the weighted average was 99.8974% (1.32%).
Repayment of notes will be held on 6 March 2013. At the previous auction of the Central Bank notes were sold at a price of 1.46% per annum. - 15D -
Economics
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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.
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