Ministry of Finance places state medium-term bonds worth AZN 15 million

10.09.2019,17:40


September 10, 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 September 10 the issue of state medium-term bonds with ISIN code AZ0105017757 in the amount of AZN 15 million was placed with a circulation period of 728 days.

19 applications for a total of  AZN42,665,200 were received from 12 candidates Investors offered from AZN 97.3093  (yield 9%)  to AZN 101.28 (6.8%) per bond.

By the decision of the Ministry of Finance, the cut-off price was set at AZN 100.366 (yield 7.3%), the weighted average price was AZN 100.4837(7.23%).

At the auction, GSOs were placed for AZN 15 million.

The maturity of the bonds is September 7, 2021.