11:12 - 14.11.2018

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November 14, Fineko/abc.az. The Ministry of Finance of Azerbaijan sold state medium-term bonds through the Baku Stock Exchange yesterday.

The BSE reports that the bond issue with ISIN-code AZ0105017690 for AZN 30 million and with period of 728 days was placed on 13 November.

During the auction the 12 investors submitted the 19 orders in the price range from AZN 96.4540 for the bond (yield: 10.0000%) up to AZN 100.5464 (7.7000%).

Under Ministry’s decision, the cut-off price was set at the level of AZN 100.0000 (yield: 8.0000%) and the weighted average price fixed at AZN 100.0661 (7.9635%). With the total volume of the orders for AZN 28.34 million, the bonds were placed in the amount of AZN 21.07 million AZN.

The maturity of the bonds is 10 November 2020.