FINANCE MINISTRY SELLS 30BN MANATS WITH T-BILLS
The Azerbaijani Finance Ministry placed 30bn manats worth of shirt-term T-bills. The Baku Stock Exchange told Trend T-bills with state registration number of 10101408S were placed.
T-bills were placed in full amount thanks to their sale to one investor, who appealed for purchase of T-bills at the price of 98.98% with annual profitability ratio of 12.53%. The cross price and average price, as well as the profitability in cross price and average price were identical to the price and profitability indicated in the appeal.
The clearing off term is 19 October 2005.
Thus, this year the Finance Ministry put 360bn manats worth T-bills (90% of the registered emission in the amount of 400bn manats) for 13 auctions, while attracted 199,677bn manats or 55,465% of the issue.