Short-term government bonds (T-bills) series AZ0101021365 amounting to 1.99 million manat were placed on the auction held on 4 September at the Baku Stock Exchange.
The auction was attended by one investor, with the application totaling 1.99 million manat. The application was submitted in price of 99.86% (YTM 1.46%).
Cut-off price was set by the Ministry of Finance at the level of 99.86% (1.46%) and was equal to the weighted average.
Repayment of ICT will be on 9 October 2012. - 15D -
Economics
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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.
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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.
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