This year’s first auctions on Finance Ministry’s T-bills to be held today
Baku, Fineko/abc.az. This years first auctions on placement of short-term bonds (T-bills) of the Ministry of Finance of Azerbaijan will be held today at the Baku Stock Exchange.
The BSE reports that an auction on the initial public offering of T-bills (2 million ones at par value) with ISIN-code AZ0101001367 will be conducted. These T-bills have circulation period of 35 days and are to be redeemed on 13 July.
There will also be held an auction on the initial public offering of T-bills (4 million at face value) with ISIN-code AZ102002364. These T-bills have circulation term of 91 days and are scheduled for redemption on 7 September.
Only on 6 June, the Ministry registered in the State Securities Committee a plan on issue of government bonds for 2012. The Finance Ministry plans to issue three types of bonds with a total nominal value of AZN 500 million. The volume of T-bills is expected to amount to AZN 180 million at face value.
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