Finance Ministry placed bonds for AZN 30 million


October 24, Fineko/ Yesterday, the Ministry of Finance of Azerbaijan sold state medium-term bonds through the Baku Stock Exchange (BSE).

The BSE reports that the bond issue with ISIN-code AZ0106016691 for AZN 30 million and circulation period of 1,092 days was placed on 23 October.

The five investors submitted the 8 orders for totally AZN 43.96 million. The orders were submitted in the price range from AZN 92.6240 for the bond (yield: 12.0000%) up to AZN 100.0515 (8.9800%).

Under Finance Ministry’s decision, the cut-off price was set at AZN 100.0515 (yield: 8.9800%) and it was equal to the weighted average price.

As a result, the bonds were placed for AZN 30 million.

The maturity date of the bonds is 19 October 2021.