Finance Ministry bonds for AZN 25 million


June 18, Fineko/abc.az. Today, the Ministry of Finance of Azerbaijan has sold state short-term bonds through the Baku Stock Exchange (BSE).

The BSE reports that the bond issue with ISIN code AZ0104006744 in the amount of AZN 25 million and circulation term 364 days was placed on 18 June.

The 21 investors submitted 25 orders for $116.96 million. The orders were submitted in the price range from AZN 90.9544 per bond (yield: 10%) to AZN 94.3688 (6.0001%).

Under Finance Ministry’s decision, the cut-off price was set at the level of AZN 93.7530 (yield: 6.6999%) and the weighted average price was set at AZN 93.8119 (6.6326%).

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

The maturity date of the bonds is 16 June 2020.