A bond auction for AZN 15 million held


November 26, Fineko/abc.az. Another auction for the placement of bonds of the Ministry of Finance has been conducted.

ABC.AZ reports that on 26 November the auction for state medium-term bonds with number AZ0106022756 in the amount of AZN 15 million and circulation term of 1,092 days was held on the Baku Stock Exchange.

During the auction 16 investors submitted 29 orders with price interval of 94.9646 manats (10.05%) and 101.3105 manats (8%).

Under Ministry’s decision, the weighted average price of bonds is determined at the level of 100.7837 manats (8.200%). The total amount of orders amounted to AZN 78.963 million and the volume of placement – AZN 15 million.

The maturity date of the bonds is until 22 November 2022.

The auction participants must meet their bond purchase obligations until 27 November 2019.