Short-term notes of the Central Bank of Azerbaijan (CBA) series 50104034S at the total amount of AZN 5 million were placed in an auction held on 3 October 2012.
The announced offer was 35 million manat, put up for sale were notes for AZN 5 million, and the total demand for them by the two investors was over 7 mln at face value. Orders were presented in price range from 99.7827% (YTM 2.80%) to 99.7520% (3.20%).
Price cut for competitive bids in the CBA was at 99.7827% (2.80%) and was equal to the weighted average.
Repayment of the notes will be on 31 October 2012. - 15D -
Economics
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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