Finance Ministry held a bond auction for AZN 10 million


December 10, Fineko/abc.az. An auction on placement of bonds of the Ministry of Finance has been held.

According to the data received from the Baku Stock Exchange (BSE) on the portal ABC.AZ, today an auction for the placement of state medium-term bonds of the Ministry of Finance with state registration number AZ0105023755, circulation term of 728 days in the amount of AZN 10 million has been conducted.

During the auction 11 investors submitted 18 orders with price range of AZN 99.4700 (7.7913%) and AZN 101.3071 (6.7900%).

Under MoF’s decision, the cut-off price was 100.9182 (7.0000%) and the weighted average price was 101.1216 (6.8900%). The total amount of the orders amounted to AZN 45.445 million and the volume of placement AZN 10 million.