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
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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