Baku / 05.10.17 / Turan: The auction on placement of the Ministry of Finance bonds with a maturity of three months recorded a record interest rate of 4.5% per annum at the Baku Stock Exchange. This is the lowest level of yield on T-bills since 2015.
The Ministry of Finance put up T-bills on October 3 for a total of 10 million manat, which attracted 9 investors. They submitted 20 applications for a total of 32.4 million manat.
The result was successful for the Ministry of Finance. Compared with the previous auction held on August 1, interest rates fell from 7.78% to 4.5% per annum.
This year, the Ministry of Finance issued T-bills for AZN 600 million and state medium-term bonds (circulation period - 2 years) for AZN 100 million. In October this year, according to the schedule of placement, the Ministry of Finance intends to issue bonds for an additional 50 million manat. ----08D
Finance
-
More than $ 10 billion have been allocated from the state budget for the restoration of the territories of Azerbaijan liberated from occupation in 2021-2024, which creates new tasks for the Accounting Chamber.
-
The annual meeting of the Working Group on Environmental Auditing (WGEA) of the European Organisation of Supreme Audit Institutions (EUROSAI) started in Baku on 3 October.
-
'Caspian Equipment' company (sells engines and lubricants, batteries, tires, filters and other spare parts) announced the issue of shares worth AZN 0.1 million.
-
'Baku Telephone Communications' ('Baktelecom'), subordinate to the Ministry of Digital Development and Transport, is holding an open tender for voluntary medical insurance for 96 employees and their families. This was reported on a unified Internet portal of public procurement.
Leave a review