Finance Ministry placed medium-term bond issue not fully

10:18 - 12.12.2018


December 12, 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 AZ0105019696 for AZN 30 million and with period of 728 days was placed on 11 December.

During the auction the 5 investors submitted the 9 orders in the price range from AZN 98.2062 for the bond (yield: 9.0000%) up to AZN 100.1817 (7.9000%).

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 100.1425 (7.9215%). With the total volume of the orders for AZN 18.83 million, the bonds were placed in the amount of AZN 13.88 million AZN.

The maturity of the bonds is 8 December 2020.

 

 

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