Auction on placement of Finance Ministry bonds held


September 24, Fineko/abc.az. An auction was held today at the Baku Stock Exchange on placement of state medium-term bonds with ISIN code AZ0106018754, with a circulation period of 1,092 days, in the amount of $ 5 million.  ABC.AZ reports that during the auction 10 investors submitted 17 bids  with a price interval of AZN 93.7555 (11.0000%) and AZN 100.6527 (8.2499%).

In accordance with the decision of the Ministry of Finance, the cut-off price of bonds was set at AZN 100.2604 (8.4000%), the average weighted price was set at AZN 100.4610  (8.3231%). The total amount of placed orders made up AZN 42,529,500.00,  and the volume of placed orders - AZN 15,000,000.00
Maturity date: September 20, 2022

Bidders must meet their bond purchase obligations by September 25, 2019 (T+1)