Baku Stock Exchange to hold placement of Finance Ministry's bonds
BAKU, Azerbaijan, Aug.27
By Eldar Janashvili - Trend:
Azerbaijan's Baku Stock Exchange (BSE) will hold an auction on placement of interest-bearing medium-term manat bonds of the country's Ministry of Finance worth 10 million manats ($5.8 million) on September 1, Trend reports referring to the stock exchange.
Bonds with the face value of 100 manats ($58.8), a circulation period of 1,820 days and a yield of 8.5 percent will be offered at the auction.
The interest payment dates for the bonds are March 2, 2021; August 31, 2021; March 11, 2022; August 30, 2022; February 28; 2023; August 29, 2023; February 27, 2024; August 27, 2024; February 25, 2025; and August 26, 2025.
PASHA Capital Investment Company is underwriter on issuing of the state bonds of the Ministry of Finance.
(1 USD = 1.7 AZN on Aug.27)
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