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Finance Ministry held another placement of government short-term bonds

20.02.2018,16:51

February 20, Fineko/abc.az. The Ministry of Finance of Azerbaijan has held the next auction on placement of state short-term bonds (T-bills) today.

The Baku Stock Exchange reports that on 20 February the Ministry sold manat-denominated bonds with ISIN-code AZ0104002685. They were offered in the amount of AZN 35 million for 364-day period.

The 23 investors submitted 37 orders for purchase of T-bills in the amount of AZN 165.189 million. The investors gave from AZN 87.7784 (claim for annual yield: 13.9999%) up to AZN 93.0588 (7.5%) for T-bills.

In accord with MoF’s decision, the cut-off price was set at the level of AZN 92.6301 (yield: 8,0001%) and the weighted average price AZN 92.6980 (7.9205%). As a result, T-bills for AZN 35 million were sold.

 

Keywords: T-bills