Azerbaijan Finance Ministry has held next placement of state short-term bonds


December 24, Fineko/abc.az. The Ministry of Finance of Azerbaijan has conducted today regular placement of government short-term bonds (T-bills).

The Baku Stock Exchange reports that the Ministry sold manat-denominated bonds with ISIN-code AZ0104001687. They were offered in the amount of AZN 35 million for 364-day period.

The 18 investors submitted 35 orders for purchase of T-bills in the amount of AZN 95.29 million. The investors gave AZN 85.7 (claim for annual profitability of 16.778%) up to AZN 88.943 (12.5%) for T-bills.

In accord with Finance Ministry's decision the cut-off price was set at the level of AZN 87.7784 (yield: 13.9999%) and the weighted average price – AZN 87.9520 (yield: 13.7738%. As a result, T-bills for AZN 35 million were sold.