Placement of Azerbaijani Finance Ministry T-bills Takes Place
Azerbaijan, Baku / Trend / On 18 September, placement of T-bills of the Ministry of Finance with the state registration number 10300117S, totaling AZN 5,000,000, face value per bond AZN 200 and a maturity period of 182 days was carried out on the Baku Stock Exchange.
The volume of submitted orders by four participants was AZN 3,233,600 at face value. The orders were submitted within the 95.02% (YTM 10.51%) and 96.28% (YTM 7.75%) price interval. The Ministry of Finance set the cut off price on competitive orders in the amount of 95.02% (YTM 10.51%) and the weighted average price in the amount of 95.28% (YTM 9.93%). The volume of T-bills realized at face value was AZN 3,233,600, including noncompetitive orders of 124,000 AZN
The maturity date of the T-bills is March 18, 2008.