Finance Ministry placed bonds not fully


May 22, Fineko/ The Ministry of Finance of Azerbaijan tried yesterday to sell state medium-term bonds through the Baku Stock Exchange (BSE).

The BSE informs that the bond issue with ISIN code AZ0106009753 for AZN 15 million and circulation period of 1,092 days was placed on 21 May.

The seven investors submitted 10 orders in price interval from AZN 96.7165 per bond (yield: 10.3%) up to AZN 100 (9%).

Under MoF’s decision, the cut-off price was set at the level of AZN 97.7120 (yield: 9.9001%) and the weighted average price at AZN 98.2212 (9.6975%).

With the amount of orders for AZN 15.75 million, the bonds were placed for AZN 14.202 million.

The maturity date of the bonds is 17 May 2022.