Azerbaijan’s state medium-term bonds placed second time this year
Baku, Fineko/abc.az. The Azerbaijani Ministry of Finance held today this year’s second successful auction on state medium-term bonds (SMTBs).
The Baku Stock Exchange informs that on 29 June five investor submitted an order for AZN 6.5 million for purchase of 325% of the SMTBs offered for the auction with ISIN-code AZ0106002352 , issued for AZN 2 million at par value.
The orders were submitted at the price of 100%, 100.09% and 100.11% of SMTB par value.
Under the MoF’s decision, they were satisfied at the price of 100% of SMTB par value (5% per annum).
As a result, the bonds with ISIN-code AZ0106002352 were sold for AZN 2 million with yield of 5%.
The maturity date of the bonds ISIN-code AZ0106002352 and 1092-day circulation term is 26 June 2012.
The Ministry of Finance registered for 2012 an issue prospectus of SMTBs for AZN 20 million at par value that is equivalent to 4% of the general issue target on state bonds in 2012.
This year the Ministry has placed the SMTBs for AZN 3 million for sales (15% of the target) and raised AZN 3 million (15% of target for 2012) from their sale.
In 2011 the Finance Ministry raised AZN 16.78 million through 9 issues and in 2010 AZN 13.49 million through 6 successful auctions.
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