11:44 - 29.01.2020
January 29, Fineko/abc.az. The Ministry of Finance placed state medium-term bonds with 5-year (1,820 days) circulation term in the amount of AZN 10 million in the securities market.
ABC.AZ reports with reference to the Ministry that following the auction, the total amount of orders at par value reached AZN 50.54 million that led to fixing of weighted average price at the level of AZN 101.36 (yield: 8.16%) for applications submitted by investors.
The Ministry said that this bond issue will serve to form government’s long-term yield curve on securities. In addition, it will also play the role of benchmark for long-term securities to be issued by private sector representatives in the national currency.
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