An auction for AZN 10 million to be arranged


March 5, Fineko/ An auction for government short-term bonds of the Ministry of Finance will be organized at the Baku Stock Exchange on 10 March.

ABC.AZ was informed at the BSE that the collection of bids at the auction will be held in accord with the BSE trading regulations from 11 am to 12:30 pm.

The securities' ISIN code is AZ0104003774, the issue volume is AZN 10 million, the nominal value is 100 manats, bonds' circulation period is 364 days, and the maturity date is March 9, 2021.

The underwriter is Pasha Capital. During the auction, non-competitive bids may be accepted with maximum of 20% of the bond issue.