Finance Ministry placed bonds for AZN 10 million


November 12, Fineko/abc.az. The Ministry of Finance of Azerbaijan sold state medium-term bonds through the Baku Stock Exchange.

The BSE reports that on 12 November the bond issue with ISIN-code AZ0105021759 and volume of AZN 10 million, with circulation term of 728 days has been placed.

The 10 investors submitted 16 orders for AZN 35.619 million. The investors offered for the bond from 97.2917 manats (yield: 9.01%) to AZN 101.1032 (6.9%).

Under Finance Ministry’s decision, the cut-off price was set at the level of AZN 100.5680 (yield: 7.19%) and the weighted average price AZN 100.7394 (7.0969%).

As a result of the auction, the bonds were placed for AZN 10 million.

The maturity date of the bonds is 9 November 2021.