Uzbekistan holds auction for placement of government securities

Finance Materials 6 March 2019 17:03 (UTC +04:00)

Baku, Azerbaijan, March 6

By Fakhri Vakilov - Trend:

Uzbek Central Bank alongside with the Ministry of Finance held an auction on placement of government securities with a maturity of 12 months at the Uzbek Currency Exchange, Trend reports via Uzbek media.

The nominal value of securities is 1 million soums in the amount of 30,000 units; the total volume of issue is 30 billion soums with quarterly interest payments.

The auction was attended by 2 dealers who submitted competitive bids for the purchase of a total of 30,000 bonds for a total amount of 30 billion soums.

During the auction, 30,000 bonds were placed (100 percent of the total volume of the issue) in the amount of 30.02 billion soums.

The total amount of redemption of government securities placed at auction will be 34.5 billion soums.

The weighted average yield of securities, the minimum level of yield, as well as the maximum yield or cut-off price were 14.94 percent per annum.


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