Parameters of new state bonds determined in Azerbaijan
Azerbaijan, Baku, October 27 / Trend N. Ismayilova /
On October 27, 2009 from 11:00 a.m till 12:30 p.m the auction for placement of one-year callable government bonds will be held at BSE, BSE said on October 27.
The message said that the volume of the issue will hit 20 million manat with face value of 200 manat each. Term of circulation hits 364 days, interest rate - 5 percent. Interest payment dates are April 27, 2010 and Ocotber 26, 2010. The maturity date is Ocotober 26, 2010.
Noncompetitive bids not exceeding 20 percent of the issue volume are allowed at the auction.
Issuer has the right not to admit the bid if the total volume of orders for bonds purchase submitted by auction participants is less than 30 percent of bond volume put up for auction by Issuer.
On October 27, the official exchange rate is 0.8032 manat to $1.