Finance Ministry places T-bills worth AZN 15 million


September 17, Fineko/abc.az. The Ministry of Finance of Azerbaijan has sold state short-term bonds (T-bills) through the Baku Stock Exchange (BSE).

The BSE reports that on September 17 the issue of T-bills with ISIN code AZ0104009748 worth AZN 15 million and with a circulation period of 364 days was placed.

From 10 investors, 20 applications were received in the amount of AZN 43.735 million. Applications were submitted in the price range from AZN 91.7846 per bond (yield 9%) to AZN 94.3689 (6%).

According to the decision of the Ministry of Finance, the cut-off price was set at AZN 94.1392 (yield 6.2599%), and the weighted average price was set at AZN 94.1707 (6.2242%).

As a result, T-bills for AZN 15 million were placed.

T-bills maturity date is September 15, 2020.