Finance Ministry to place medium-term bonds for AZN 35 million

15:47 - 6 Jule 2018

July 6, Fineko/ The Ministry of Finance of Azerbaijan will hold an auction through the Baku Stock Exchange (BSE) for placement of medium-term government bonds.

The BSE reports that on 10 July the auction will be held for sale of bonds for AZN 35 million and with par value of 100 manats each.

"The bond turnover period will be 728 days and interest rate will be 8%. PASHA Capital will be the placement underwriter," the BSE said.