11:21 - 13.03.2019

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March 13, Fineko/abc.az. Yesterday, the Ministry of Finance of Azerbaijan placed state short-term bonds through the Baku Stock Exchange (BSE).

According to the BSE, the bond issue with ISIN code AZ0104003741 for AZN 25 million and circulation term of 364 days was placed on 12 March.

The 14 investors submitted 18 orders for AZN 81.2 million. The orders were submitted in the price range from AZN 92.9728 for the bond (yield: 7.6208%) to AZN 93.9124 (6.5357%).

Under Ministry’s decision, the cut-off price was set at the level of AZN 93.38736 (yield: 7.1394%), and the weighted average price at AZN 93.4450 (7.0727%).

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

The maturity term of the bonds is 10 March 2020.