Finance Ministry managed to place short-term bonds for AZN 10 million

12:04 - 12.09.2018


September 12, Fineko/abc.az. The Ministry of Finance of Azerbaijan sold yesterday government short-term bonds through the Baku Stock Exchange (BSE).

The BSE informs that on 11 September an issue of the bonds with ISIN-code AZ0102008684 for AZN 10 million and with circulation term of 182 days was placed.

The 15 investors submitted 23 orders for totally AZN 46.16 million. The orders were submitted in the price range from AZN 94.3543 for the bond (yield: 12.0661%) to AZN 97.1106 (6.0000%).

Under Finance Ministry’s decision, the cut-off price is set at the level of AZN 92.4148 (yield: 7.4986%) and the weighted average price at AZN 96.4633 (7.3935%).

As a result, the bonds were placed for AZN 10 million. Their maturity date is 12 March 2019.