Auction on Finance Ministry`s bonds to be organized


November 8, Fineko/abc.az. The Baku Stock Exchange will hold an auction for the placement of government medium-term bonds of the Ministry of Finance.

The BSE informs that the total volume of bonds is AZN 10 million, nominal value 100 manats, maturity date 728 days, and interest yield 7.5%. The bonds will be redeemed on 9 November 2021. Investment company PASHA Capital acts as the 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. Contact details of the BSE members can be found on the BSE website, in section ‘Members’ (www.bfb.az).