AZERI FINANCE MINISTRY PLACES EMISSION OF T-BILLS
The Azerbaijani Finance Ministry placed emission of T-bills under registration number 10101308S, the 14th in 2005, in the Baku Stock Exchange (BSEX), the BSEX told Trend.
The volume was announced in the level of 35bn manats. The term of turnover comprises 28 days. The maturity date for notes is 21 October 2005.
7 investors took part at the auction. The bids comprised 34,536m manats ranging from 99.01% (rate of return -13.03%) to 99.12% (rate of return вЂ" 11.57%). The Finance Ministry established cross price at 99.05% (12.5%), while average sustained price was 99.06% (12.36%).
The volume of placement amounted to 13,492m manats or 39,07% of total bids.
In 2005 the Finance Ministry announced 14 emissions of T-bills in the total amount of 395bn manats or 79% of registered prospect of emission. The Ministry attracted 213,169bn manats or 53,967% of total emission.