11:19 - 28.11.2018

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November 28, Fineko/abc.az. Yesterday, the Ministry of Finance of Azerbaijan tried to sell medium-term government bonds through the Baku Stock Exchange (BSE).

The BSE informs that the AZN 30 million bond issue with ISIN code AZ0106018697 and 1,092-day circulation term was placed on 27 November.

During the auction the seven investors submitted 10 orders in price range from AZN 95.4653 per bond (yield: 10.8100%) up to AZN 100.2583 (8.9000%).

Under Ministry’s decision, the cut-off price was set at the level of AZN 100.0000 (yield: 9.0000%) and the weighted average price at AZN 100.0274 (8.9893%).

With total volume of the orders for AZN 31.834 million the bonds were placed for $20.18 million.

The maturity date of the bonds is 23 November 2021.