Largest placement of callable bonds in Azerbaijan in 2012 made
Baku, Fineko/abc.az. Today for the second time in 2012 Finance Ministry of Azerbaijan has organized auction on Baku Stock Exchange at which state callable bonds were put.
The Baku Stock Exchange (BSE) informs that on 29 June 2012 the six investors submitted an order for AZN 20.942 million for purchase of 104.7% of CGBs offered for the auction with ISIN-code AZ0204002379,, issued for AZN 20 million at par value.
The orders were submitted at the price of 100% (4% per annum) and 100.01%.
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 AZ0204002379 were sold for AZN 20 million with yield of 4%.
The maturity date of the bonds with ISIN-code AZ0204002379 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 42 million (14% of this year’s target) have been put for sale. It was raised AZN 31.749 million (10.6% 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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