An auction for Finance Ministry`s bonds for AZN 10 million to be held


December 5, Fineko/abc.az. An auction on placement of bonds of the Ministry of Finance will take place.

ABC.AZ reports that, the auction on the state medium-term bonds of the Ministry will be held at the Baku Stock Exchange on 10 December.

Collection of bids during the auction will be organized from 11 am till 12:30 am in accord with the BSE trading regulations.

At the auction of securities with ISIN-code AZ0105023755, the issue volume will amount to AZN 10 million par value of AZN 100, the bond circulation period 728 days, interest income 7.5%, maturity date – 7 December 2021. The underwriter is PASHA Capital.

During the auction the non-competitive orders may be accepted for no more than 20% of the bond issue.