17:23 - 13.02.2020

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February 13, Fineko/abc.az. An auction for the placement of bonds of the Ministry of Finance will be conducted.

ABC.AZ reports with reference to the Baku Stock Exchange (BSE) that the auction will be held on 18 February at the BSE for the sale of state medium-term bonds of the Ministry of Finance.

Collection of bids at the auction will be carried out in accordance with the BSE trading regulations from 11:00 to 12:30. The securities' ISIN code is AZ0108001782, the issue volume is AZN 10 million, the nominal value is 100 manats, the bond's circulation period is 1,820 days, the interest yield is 8.5%, and the maturity date is 21 January 2025. PASHA Capital is the placement underwriter.

During the auction the non-competitive orders can be accepted on a condition of no more than 20% of the bond issue.