Finance Ministry placed bonds for AZN 30 million

10:06 - 15.08.2018


August 15, Fineko/abc.az. The Ministry of Finance of Azerbaijan has sold state medium-term bonds through the Baku Stock Exchange (BSE) yesterday.

The BSE reported about placement of the bond issue with ISIN-code AZ0105013699 for AZN 30 million with 728-days circulation term.

The 5 investors submitted 11 orders for AZN 46.452 million. The orders were submitted in the price ranging from AZN 93.0697 for the bond (annual yield claim: 12.0000%) to AZN 97.3600 (9.4800%).

In accord with Ministry’s decision the cut–off price is set at the level of AZN 94.7422 AZN (yield: 11.0000%) and weighted average price AZN 95.4449 (10.5867%).

As a result, the bonds were placed for AZN 30 million.

The maturity date of the bonds is 11 August 2020.

 

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