Auction for Finance Ministry`s bonds to be held


February 27, Fineko/abc.az. An auction on the placement of state medium-term bonds of the Ministry of Finance will be conducted at the Baku Stock Exchange (BSE) on 3 March.

ABC.AZ reports with reference to the BSE that the total volume of interest-bearing, medium-term government bonds is AZN 15 million, the nominal value is 100 manats, the circulation period is 728 days, and the interest yield is 6%. The bonds will be redeemed on 1 March 2022. The placement underwriter is Pasha Capital, an investment company.

Non-competitive orders may be accepted during the auction, provided that no more than 20% of the bond issue is received.

Companies desiring to participate in the auction can contact the BSE member investment companies.