Azerbaijani Finance Ministry to put bonds up for sale
Baku, Azerbaijan, Sept. 6
By Sara Israfilbayova – Trend:
The Baku Stock Exchange (BSE) will hold an auction on the placement of mid-term bonds of the Azerbaijani Finance Ministry worth 15 million manats on Sept. 10, Trend reports referring to BSE.
Some 150,000 securities, with par value of 100 manats each and a maturity of 728 days, will be placed at the auction. The interest rate will be 7.5 percent per annum.
The maturity of the bonds is Sept. 7, 2021.
During the auction, non-competitive bids may take up to 20 percent of the bond issue.
Azerbaijan’s PASHA Capital investment company will be the issue underwriter.
(1 USD = 1.7 AZN on Sept. 6)
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