This years first auctions on Finance Ministry’s short and medium term bonds placement appointed for 12 June
Baku, Fineko/abc.az. Auctions on placement of state short term bonds (T-bills) and callable bonds of Azerbaijan Finance Ministry at Baku Stock Exchange are appointed for 12 June.
The BSE reports that tomorrow an auction will be held on initial placement of (T-bills) with ISIN code AZ0105001355, which is issued for 1 million par value. These T-bills have 728 days circulation period and 4,5% return rate per annum. Also auction on initial placement of callable bonds with ISIN code AZ0204001371 (22 million ones at par value) is planned for 12 June. These callable bonds have circulation period 384 days and return rate 4% per annum.
Tomorrow Finance Ministry plans to conduct third auction on initial public offering of T-bills (7 million ones at par value) with ISIN-code AZ0101001361 will be conducted. These T-bills have circulation period of 182 days and are to be redeemed on 11 December 2012.
The Finance Ministry failed to conduct successful auctions on the initial public offering of T-bills ( 2 million at face value ) with ISIN code AZ010001367 and T-bills (4 million at face value) with ISIN-code AZ102002364. These T-bills were not satisfied by the issuer.
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, to long tern bonds- AZN 20 million and callable bonds- AZN 300 million.
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