Over one-fifth of SOFAZ bonds placed for period up to 1 year

By the end of the first quarter of this year, 23% of the bonds and other money market instruments invested by the State Oil Fund of Azerbaijan (SOFAZ) were placed for a period of up to 1 year, Report informs, citing SOFAZ.

According to the information, at the end of the first quarter of this year, 26.9% of the bonds and other money market instruments invested by the Fund were placed for a period from 1 to 3 years, 23.1% from 3 to 5 years, and 27% more than 5 years.

During the year, the share of bonds and other money market instruments placed for a period of up to 1 year decreased by 8.2 percentage points, the share of bonds and other money market instruments placed for a period of 1 to 3 years decreased by 7 percentage points, bonds and other money placed for a period of 3 to 5 years decreased by 7 percentage points. The share of market instruments increased by 1.8 percentage points. The share of bonds and other money market instruments placed for more than 5 years decreased from 30% to 27%.