Finance Ministry placed bonds for AZN 25 million


July 24, Fineko/abc.az. The Ministry of Finance of Azerbaijan has sold state short-term bonds through the Baku Stock Exchange.

The BSE reports that the bond issue with ISIN code AZ0104007742 in the amount of AZN 25 million and circulation term of 364 days was placed on 23 July.

The 18 investors submitted 28 orders for totally AZN 106.8 million. The orders were submitted in the price range from AZN 92.2054 (yield: 8.5%) to AZN 94.53 (5.8184%) per bond.

Under MoF’s decision, the cut-off price was set at AZN 94.2804 (yield: 6.1%) and the weighted average price at AZN 94.3461 (6.0257%). As a result, the bonds were placed for AZN 25 million.

The maturity date of the bonds is 21 July 2020.