The December 27 Baku Stock Exchange auction on placement of state T-bills for a period of 1 year recorded a record level of profitability - 20.99% per annum.
The BSE informs that the volume of orders for T-bills purchase in the amount of AZN 10 million was AZN 14.7 million. The Ministry of Finance received 8 million 383.9 thousand manat from the sale of these T-bills. The weighted average yield of discount bonds amounted to 19.47%
The same day, the Ministry of Finance also placed 182-day T-bills with a par value of 10 million manat. Applications of investors for their purchase amounted to 18.3 million manat. The weighted average yield of discount bonds amounted to 18.22%, while the Ministry of Finance revenue was 9 million 173.6 thousand manat. ----08D
Economics
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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
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