Auction on Finance Ministry’s bonds to be organized


October 17, Fineko/abc.az. An auction on the placement of government medium-term bonds of the Ministry of Finance will be held at the Baku Stock Exchange on 22 October.

The total volume of the bonds is AZN 15 million, the nominal value is 100 manats, the circulation period is 1,092 days, and the interest yield is 8.5%. The bonds will be paid on 18 October 2022. Investment company CJSC PASHA Capital acts as an underwriter.

Non-competitive bids may be accepted at the time of the auction for no more than 20% of the bond issue. Persons interested in participating in the auction may apply to BSE member investment companies.