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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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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