At the May 3 auction of state short-term bonds the Treasury yields fell by several percentage points.
According to the BSE, 7 investors provided 14 applications. For these applications the demand was 44.4 million manat, while the offer was 20 million AZN.
Following the auction, the maximum yield of the bonds was 12% and the average was 11.55%. In April, several investors could buy bonds at 15% yield.
The maturity of the bonds is 3 months.
Placement of government bonds began in January of this year. Totally the Ministry of Finance with the aim of placing in Azerbaijan issued bonds worth 400 million AZN and $ 500 million. --08D
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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