State medium-term bonds (GEO) series AZ0106012351 at 1 million manat were placed on the auction held on November 13 at the Baku Stock Exchange.
The total volume of bids submitted by one tenderer exceeded 1.18 mln at face value. The application was available at a price 100.28% (YTM 5.00%).
Repayment of GEO will be on 13 November 2015.
On the same day, put up for auction were GEO series AZ0105011354 at the same amount. The application for them by a single investor was 1.199 mln at face value. It was presented at a price of 100.18% with yield of 4%. Repayment of these GEO will be on 14 November 2015.
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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