An auction on bonds for AZN 15 million held


January 14, Fineko/abc.az. Another auction for the placement of bonds of the Ministry of Finance has been conducted today.

ABC.AZ reports with reference to the Baku Stock Exchange (BSE) that the auction was held for state MoF medium-term bonds with ISIN code AZ0105002783 in the amount of AZN 15 million and circulation term of 728 days.

At the auction 18 investors submitted 25 orders in the price range of AZN 99.0817 (7.0000%) and AZN 101.3039 (5.8001%).

In accordance with Ministry’s decision the cut-off price of the bonds is AZN 100.9666 (5.9800%) and the weighted average price AZN 101.0381 (5.9418%). The total amount of orders at nominal prices was AZN 88.415 million and volume of placed orders AZN 15 million.

The maturity date of the bonds is 11 January 2022. The bidders should meet their bond purchase obligations until 15 January 2020.