Today the Ministry of Finance carry out regular placement of state short-term and medium-term bonds. The amount of bonds offered to investors, which will be in circulation for 182, 364 and 728 days is only 25 million manat. Investors are also offered T-bills (364 days) and state medium-term bonds (728 days) - for $ 10 million each.
At first, the previous auction, profitability on manat bonds was 7.79% and 8.79%, dollar bonds - 2.77% and 3.5% depending on their maturity. The amount of bonds sold to investors is AZN 20 million and $12 million.
The Ministry of Finance issued bonds amounting 400 million AZN and $500 million, which it plans to place this year. Placing is done in stages and in small lots, once a week. The bonds were issued for the repayment of the expected state budget deficit. 08B
Economics
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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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