The Ministry of Finance has borrowed for two instruments almost 16.7 million manats
State medium-term bonds (GEO) series AZ0106015354 in the amount of AZN 500,000 were posted at the auction held on December 25 at the Baku Stock Exchange.
The total volume of bids submitted by a single investor slightly exceeded 500,000 AZN at face value. They was presented and granted proportionally to the price 100.08% (a 5% yield).
Repayment of the GEO will be on 22 December 2015.
The same day, the Ministry of Finance posted on the Exchange public callable bonds (CGB) series AZ0204014374 amounting to 16.12 million manat.
The order of one bidder exceeded 16.12 mln at face value. The bid was submitted and granted in proportionally costs 100.00% (YTM 4.00%).
Repayment of these callable bonds will be on 24 December 2013. - 15D -
Economics
-
The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
-
The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
-
The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
-
Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
Leave a review