12:00 - 23.01.2019

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January 23, Fineko/abc.az. The Ministry of Finance of Azerbaijan sold state short-term bonds through the Baku Stock Exchange.

The BSE informs that the bond issue with ISIN-code AZ0104001745 for AZN 25 million and circulation term of 364 days was placed yesterday, 22 January.

The 13 investors submitted 17 orders for totally AZN 75.16 million. The orders were submitted in the price range from AZN 90.9544 for the bond (yield: 9.9999%) to AZN 93.4000 (7.1053%).

Under Ministry’s decision, the cut-off price was set at the level of AZN 92.8526 (yield: 7.7399%) and the weighted average price at AZN 92.8771 (7.7114%).

As a result, the short-term bonds were placed for AZN 25 million.

The maturity date of the bonds is 21 January 2020.