Azerbaijan’s Finance Ministry Carries Out Placement of T-bills
Azerbaijan, Baku / Trend / On 7 August 2007 the placement of T-bills by the Ministry of Finance, State Registration No. 10303315S, total volume of AZN 3,000,000, face value per bond AZN 200 with a turnover period of 182 days, was carried out on Baku Stock Exchange.
The volume of orders submitted by 9 participants was AZN 7,739,800 at face value. The orders were submitted within the 94.35% (YTM 12.01%) and 95.07% (YTM 10.40%) price interval. The Ministry of Finance set the cut-off price on competitive orders to the amount of 95.03% (YTM 10.49%) and the weighted average price to the amount of 95.06% (YTM 10.42%). The volume of T-bills realized at face value was AZN 3,000,000, including non-competitive orders of AZN 252,400.
The date of maturity for T-bills is 5 February, 2008.