Finance Ministry to placed medium-term bonds for AZN 15 million


July 20, Fineko / The Ministry of Finance of Azerbaijan will hold an auction through the Baku Stock Exchange (BSE) for placement of government medium-term bonds.

The BSE reports that the auction will be held on 24 July and is designed for sale of bonds with ISIN code AZ0106012690 with volume of AZN 15 million and par value of 100 manats each.

"The circulation term of the bond will be 1092 days and the interest rate -9%. PASHA Capital is the placement underwriter," the BSE said in a statement.