Finance Ministry placed bonds for AZN 25 million


May 15, Fineko/abc.az. Yesterday, the Ministry of Finance of Azerbaijan sold state short-term bonds through the Baku Stock Exchange (BSE).

According to the BSE, the bond issue with ISIN code AZ0104005746 for AZN 25 million and circulation term of 364 days was placed on 14 May.

The 26 orders for AZN 75.228 million were submitted by 19 investors. The orders were submitted in the price range from AZN 90.9544 per bond (yield: 10%) to AZN 93.8405 (6.6%).

Under MoF’s decision, the cut-off price was set at the level of AZN 93.1450 (yield: 7.4%) and the weighted average price at AZN 93.1998 (7.3365%).

As a result, the Ministry’s bonds were placed for AZN 25 million.

The maturity date of the bonds is 12 May 2020.