14:40 - 18.01.2023
January 18, Fineko/abc.az. The State Oil Fund (SOFAZ) has extended the term of the 1 bn euro deposit placed in the Central Bank of Turkiye by five more months.
ABC.AZ reports with reference to SOFAZ that within the investment strategy and rules of SOFAZ, it was decided to extend the term of the deposit for another five months, taking into account the possible perspective of the fixed-income securities market for the near future.
The above-said deposit was placed in January 2022 for the period of 6 months, and in July the term was extended until the end of 2022.
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