Auction for Finance Ministry’s bonds held


March 10, Fineko/abc.az. An auction has been organized at the Baku Stock Exchange for the placement of Finance Ministry’s state short-term bonds in the amount of AZN 10 million, with ISIN code AZ0104003774 and circulation period of 364 days, ABC.AZ was informed at the BSE.

The BSE reports that during the auction eight orders were submitted by four investors in the price range of 92.2055 manats (yield: 8.4999%) and 93.3006 manats (7.2200%).

According to Ministry’s decision, the cut-off price of the bonds is set at 92.6387 manats (yield: 7.9900%), the weighted average price is 93.1014 manats (7.4505%). The nominal value of orders was 26.768 million manats, and the volume of orders placed was 10 million manats.

The bond maturity date is 9 March 2021.