After Novruz non-woking days Baku Stock Exchange to hold two auctions on Finance Ministry's medium-term bonds and Central Bank's short-term notes


March 19, Fineko/ After the Novruz red-letter days the Baku Stock Exchange will hold two auctions on placement of state medium-term bonds of the Ministry of Finance and short-term notes of the Central Bank of Azerbaijan.

The BSE informs that the auction on Ministry's bonds will be organized on 27 March.

"The issue volume of the bonds will amount to AZN 15 million with a nominal value of 100 manats each. The circulation term of bonds will be 1,092 days, interest rate yield – 9%. The underwriter is PASHA Capital," the BSE said.

The auction on CBA notes will be conducted on 28 March.

"Short-term notes will be offered for AZN 250 million with nominal value of 100 manats each. The turnover period of notes will be 28 days," the BSE said.