Yield on two-year government bonds fell to 7.11%

17:44 - 20.02.2024

February 20, Fineko/abc.az. An auction for the placement of Finance Ministry’s government medium-term bonds with 728-day circulation term for 90 million mantas has been held at the Baku Stock Exchange today.

ABC.AZ was informed at the BSE that during the auction, 40 bids were submitted by 23 investors with price range of 94.6187 (9%) manats and 100.00 (6%) manats.

According to MoF decision, the cut-off price is set at 96.6545 (7.8398%) manats, and the weighted average price - 97.9660 (7.1089%) manats. Auctions for these bonds have not been held for a long time. The last time the range was 8.02% was on November 14, 2023.

The total amount of applications at the nominal price was 269,811,200 manats, and the volume of applications placed was 90 million manats.

The maturity date of the bonds is 17 February 2026.