Finance Ministry placed bonds for AZN 20 million


May 7, Fineko/ The Ministry of Finance of Azerbaijan has sold state medium-term bonds through the Baku Stock Exchange (BSE).

According to the BSE, the bond issue with ISIN code AZ0105008756 for AZN 20 million and circulation term of 728 days was placed on 7 May.

The 11 investors submitted 17 orders in the amount of AZN 33.01 million. The orders were submitted in the price range from AZN 96.6274 (yield: 9.90%) to AZN 100.9130 (7.50%) per bond.

Under MoF’s decision, the cut-off price was set at the level of AZN 98.4192 (yield: 8.88%) and the weighted average price at AZN 98.5851 (8.78%).

As a result, the bonds were placed for AZN 20 million.

The maturity date of the bonds is 4 May 2021.