Azerbaijan Finance Ministry's short-term bonds sold today for AZN 30 million


December 19, Fineko/abc.az. The Ministry of Finance of Azerbaijan has conducted today regular placement of government short-term bonds (T-bills).

The Baku Stock Exchange reports that the Ministry sold manat-denominated bonds with ISIN-code AZ0102001630. They were offered in the amount of AZN 30 million for 182-day period.

The 11 investors submitted 26 orders for purchase of T-bills in the amount of AZN 78.065 million. The investors gave AZN 92.4494 (claim for annual profitability of 16.4699%) up to AZN 96.1843 (7.9998%) for T-bills.

In accord with Finance Ministry's decision the cut-off price was set at the level of AZN 93.5082 (yield: 14.0000%) and the weighted average price – AZN 94.3455 (yield: 12.0861%). As a result, T-bills for AZN 30 million were sold.

The redemption date of T-bills is 19 June 2018.

Settlements on the concluded deals will be carried out on 20 December.



Keywords: T-bills