On October 18 the Ministry of Finance placed only a third of the T-bills offered to investors with a maturity period of 182 days, according to BSE.
Investors bought 71,362 of the 200,000 T-bills auctioned. From the sale of T-bills with a nominal value of 7 million 136.2 thousand manat the Ministry of Finance was able to raise just 6 million 576.5 thousand manat.
BSE reports that 4 investors participated in the auction, which offered from 91.3 to 93.3 manat per T-bill with a par value of 100 manat.
As a result, the weighted average yield of the T-bills amounted to 17.16% per annum. At the previous auction on September 6 the Ministry of Finance agreed with investors about the level of 10.79% per annum.
The T-bills are discounted. They are placed below the nominal value and shall be redeemed at par on the expiration of their term to maturity. ---08D
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- Economics
- 19 October 2016 11:30
Economics
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Azerbaijan’s State Tax Service is grappling with technical issues on its online portal, e-taxes.gov.az, preventing the submission of mandatory social insurance and health insurance tax declarations. The problem has emerged at a critical time, as the 20-day quarterly period for submitting declarations began on October 1.
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The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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