Finance Ministry placed bonds for AZN 20 million


June 11, Fineko/abc.az. The Ministry of Finance of Azerbaijan has sold state medium-term bonds through the Baku Stock Exchange.

The BSE reports that the bond issue with ISIN-code AZ0105010752 in the amount of AZN 20 million and circulation period of 728 days was placed on 11 June.

The 11 investors submitted 26 orders in the price interval from 95.5931 manats per bond (yield: 10.5%) to 101.8365 manats (7%) in the total amount of 96.08 million.

Under Ministry’s decision, the cut-off price was set at the level of AZN 101.2810 (yield: 7.3%) and the weighted average price at AZN 101.5328 (7.1637%).

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

The maturity date of the bonds is 8 June 2021.