Azerbaijan's Ministry of Finance sells short-term bonds worth AZN 5 mln

17:20 - 26.09.2017

Azerbaijan's Ministry of Finance has carried the next placement of state short-term bonds (T-bills).

According to the Baku Stock Exchange CJSC, on September 26 the Ministry of Finance sold T-bills worth AZN 5 mln for 728 days nominated in manats.

10 investors submitted 18 bids for the purchase of T-bills in the amount of AZN 100.8420 (with a yield of 14.5000%) and AZN 112.7105 (7.9970%).

Under the decision of the Finance Ministry, the cut-off price was set at AZN 108.9100 (yield 9.9759%), the weighted average price was AZN 110.3882 (9.1954%). As a result, T-bills for AZN 5 mln were sold.

 

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