Uzbek Central Bank, Ministry of Finance place securities for $4.8M
Baku, Azerbaijan, March 4
By Fakhri Vakilov - Trend:
Uzbek Central Bank and Ministry of Finance have placed government securities for 40.7 billion soums, Trend reports with reference to Uzbek Central Bank.
Central Bank states that an auction was held at Uzbek Currency Exchange to place government securities with a maturity of 12 months, a nominal value of 1 million soums in an amount of 40,000 units with quarterly interest payments. The total output amounted to 40 billion soums.
The auction was attended by 4 dealers who submitted competitive bids for the purchase of a total of 82,000 bonds for an amount of 83.3 billion soums.
During the auction, 40,000 bonds were placed (100 percent of the total volume) in the amount of 40.7 billion soums.
At the maturity date (February 27, 2020), the total repayment amount of the government securities placed at the auction will be 46 billion soums.
The weighted average yield of securities was 12.98 percent per annum, with a minimum yield of 12.86 percent and a maximum yield or at the cut-off price of 13.01 percent.
($1-8414.35 soums on March 4)
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