Auction on Finance Ministry bonds to be organized


October 3, Fineko/abc.az. An auction on the placement of medium-term government bonds of the Ministry of Finance will be conducted at the Baku Stock Exchange.

The BSE informed ABC.AZ that the total volume of medium-term government bonds is AZN 10 million, the nominal value is 100 manats, the circulation period is 728 days, and the interest yield 7.5%. The bonds will be redeemed on 5 October 2021. The placement underwriter is investment company PASHA Capital CJSC.

During the auction it is allowed to accept non-competitive bids for no more than 20% of the bond issue. Persons interested in participating in the auction may apply to BSE member investment companies.