Finance Ministry placed short-term bonds for AZN 10 million


September 18, Fineko/ The Ministry of Finance of Azerbaijan has sold government short-term bonds through the Baku Stock Exchange (BSE).

The BSE reports that the bond issue with ISIN-code AZ0102009682 for AZN 10 million and with 182-day turnover period was placed on 18 September.

The 15 investors submitted 23 orders for totally AZN 51.428 million. The orders were submitted in the price range from AZN 95.6142 for the bond (yield: 9.2499%) to AZN 96.8606 (6.5360%).

Under Finance Ministry’s decision, the cut-off price is set at the level of AZN 96.4695 (yield: 7.3800%) and weighted average price at AZN 96.4780 (7.3616%).

As a result, the bonds were placed for AZN 10 million. Their maturity date is 19 March 2019.