Finance Ministry placed bonds for AZN 25 million


November 19, Fineko/abc.az. The Ministry of Finance of Azerbaijan sold state short-term bonds through the Baku Stock Exchange.

The BSE informs that the bond issue with ISIN-code AZ0104011744, in the amount of AZN 25 million and circulation period of 364 days was placed on 19 November.

The 13 investors submitted 23 orders for AZN 125,018. The orders were submitted in the price range from AZN 91.7846 per bond (yield: 9%) to AZN 94.3689 (6%).

Under Finance Ministry’s decision, the cut-off price was set at the level of AZN 94.3246 (yield: 6.05%) and the weighted average price at AZN 94.3285 (6.0456%).

As a result, the bonds were placed for AZN 25 million.

The maturity date of the bonds is 17 November 2020.