Azerbaijan Finance Ministry sold short-term bonds for AZN 25 million

10:51 - 11.10.2017

The Ministry of Finance of Azerbaijan conducted the next placement of governmental short-term bonds (T-bills).

The Baku Stock Exchange informs that on 10 October the Ministry sold manat-denominated bonds in the amount of AZN 25 million for 364-day term.

The 10 investors submitted 20 orders for purchase of T-bills with interval value of AZN 88.9470 (yield: 12.4949%) and AZN 94.3688 (6.0001%).

In accord with Finance Ministry's decision, the cut-off price was set at the level of AZN 93.9281 (yield: 6.5000%) and weighted average price amounted to AZN 94.1479 (6.2501%). As a result, the bonds were sold for AZN 25 million.

 

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