Finance Ministry of Azerbaijan held auction on additional placement of SSTB

Business Materials 9 November 2005 20:20 (UTC +04:00)

The Ministry of Finance of Azerbaijan held auction on placement of the state short-term bonds (SSTB). The auction was aimed at additional placement of the state short-term bonds (SSTB) under the registration number 10201608S in the volume of 18,477 billion AZM, issued for 66 days, the term of circulation of which expires on 13 January, the Baku Stock Exchange (BSE) told Trend.

The volume of applications from 3 auction participants was 6 782 000 000 AZM (1 356 400 denominated AZM). The applications were made at the range from 97,80% to the nominal (yield is 12,44% annually) to 97.83% to the nominal (yield is 12.26%).

Thus, in 2005 the Finance Ministry announced 18 issues of SSTB with the summary nominal cost of 505 billion AZM or 77,69% of the emission prospect registered for the year (400 billion AZM + 100 billion AZM-150). For 18 issues the Ministry involved 265,959 billion AZM.