Finance Ministry held an auction for a large sum


June 23, Fineko/abc.az. An auction for the placement of state medium-term bonds of the Ministry of Finance in the amount of AZN 15 million and circulation term of 1,092 days has been organized at the Baku Stock Exchange.

At the auction 14 investors submitted 25 orders with a price range of AZN 90.6123 (15%) and AZN 100.5011 (10.8%).

Under Ministry’s decision, the weighted average price of the bonds is set at AZN 95.159 (12.99%) and the weighted average price at AZN 97.0816 (12.1905%). The total amount of orders was AZN 39.375 million, and the placed volume was AZN 15 million.

The maturity date of the bonds is 20 June 2023.