Finance Ministry placed bonds for AZN 15 million


October 22, Fineko/abc.az. The Ministry of Finance of Azerbaijan sold state medium-term bonds through the Baku Stock Exchange.

According to the BSE, the bond issue with ISIN-code AZ0106020750 in the amount of AZN 15 million and circulation period of 1,092 days was placed on 22 October.

The eight investors submitted 14 orders for AZN 41,775,200 and offered from AZN 96.1932 (yield: 10%) to AZN 101.04 (8.1025%) for the bond.

Under Ministry’s decision, the cut-off price was set at 100 manats (yield: 8.5%) and the weighted average price AZN 100.1953 (8.4249%).

As a result of the auction the bonds were placed for AZN 15 million.

The maturity date of the bonds is 18 October 2022.