Demand for Azerbaijani Finance Ministry’s bonds exceeds supply
Baku, Azerbaijan, Nov. 21
By Maksim Tsurkov – Trend:
An auction for placement of medium-term bonds worth 30 million manats of Azerbaijan’s Ministry of Finance was held at the Baku Stock Exchange (BSE), the BSE said Nov. 21.
Nine investors applied for bonds worth 54.88 million manats and maturity period of 728 days. The bonds worth 30 million manats were sold.
The applications were made within the price range of 95.6262 manats (with a yield of 14.6 percent) and 105.338 manats (9.0233 percent).
Stop-out price on competitive bids was 100 manats (with a yield of 12 percent) and the weighted average price was 109.6401 manats (11.6321 percent).
The deadline for the payment on bonds is Nov. 19, 2019.