Finance Ministry placed bonds for AZN 15 million on 25 June


June 27, Fineko/abc.az. The Ministry of Finance of Azerbaijan has sold state medium-term bonds through the Baku Stock Exchange.

The BSE informs that the bond issue with ISIN code AZ0106011759 for AZN 15 million and with circulation term of 1,092 days was placed on 25 June.

The eight investors submitted 11 orders for totally AZN 26.03 million. The investors offered the bonds from AZN 97.7122 (yield: 9.9%) up to AZN 103.1555 (7.8%).

Under MoF’s decision, the cut-off price was set at the level of AZN 98.7462 (yield: 9.49%) and the weighted average price at AZN 100.2211 (8.9143%).

As a result the bonds were placed for AZN 15 million.

The maturity date of the bonds is 21 June 2022.