Azerbaijan’s callable bonds placed first time in 2012
Baku, Fineko/abc.az. The Azerbaijani Ministry of Finance successfully conducted yesterday this year’s first auction on callable government bonds.
The Baku Stock Exchange (BSE) informs that on 12 June 2012 the four investors submitted an order for AZN 11.749 million for purchase of 53.4% of CGBs offered for the auction with ISIN-code AZ0204001371, issued for AZN 22 million at par value.
The orders were submitted at the price of 100% (4% per annum) and 100.02%.
In accordance with the Ministry’s decision the order was satisfied at the price of the 100% par value. As a result, the bonds with ISIN-code AZ0204001371 were sold for AZN 11.749 million with yield of 4%.
The maturity date of the bonds ISIN-code AZ0204001371 and 364-day circulation term is 21 December 2012.
The Ministry of Finance registered for 2012 an issue prospectus of CGBs for AZN 300 million at par value that is equivalent to 60% of the general issue target on state bonds in 2012.
For the first time the CGBs surpassed the state short-term bonds (T-bills) which were leading on plans and volume of the issue since 21 September 1996, when issue of government securities started in the country.
So far the CGBs for AZN 22 million (7.3% of this year’s target) have been put for sale. It was raised AZN 11.749 million (3.9% of target for 2012).
In 2011 the Finance Ministry raised AZN 59.39 million through 22 issues, in 2010 AZN 61.58 million through 24 issues, and in 2009 AZN 51.15 million through 5 issues of CGBs.
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