Finance Ministry placed bonds for AZN 25 million


August 6, Fineko/abc.az. The Ministry of Finance of Azerbaijan has sold state medium-term bonds through the Baku Stock Exchange (BSE).

The BSE reports that on 6 August it placed the issue of bonds with ISIN-code AZ0105015751 for AZN 25 million with circulation period of 728 days.

The 14 investors submitted 24 orders for totally AZN 74.144 million. The investors offered from AZN 96.4540 (yield: 10%) up to AZN 101.4657 (7.2%) per bond.

Under MoF’s decision, the cut-off price was set at the level of AZN 101.2994 (yield: 7.29%), and the weighted average price AZN 101.3264 (7.2754%).

Following the auction the bonds were placed for AZN 25 million.

The maturity date of the bonds is 3 August 2021.