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Azerbaijan's Ministry of Finance holds auction on medium-term government bonds

Finance Materials 12 April 2022 17:52
Azerbaijan's Ministry of Finance holds auction on medium-term government bonds
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, April 12. The Baku Stock Exchange (BSE) held an auction on the placement of medium-term government bonds of the Ministry of Finance of Azerbaijan with a maturity of 1092 days on April 12, Trend reports citing the BSE.

According to the exchange, 11 investors submitted 18 bids in the price range from 92.0071 manat ($54.12) to 99.7204 manat ($58.65) during the auction.

In accordance with the decision of the Ministry of Finance, the cut-off price of government bonds and the weighted average price were set at 99.1595 manat ($58.32) (4.3016 percent).

The total amount of bids at nominal prices amounted to 198.6 million manat ($116.8 million) and the placement volume - 21.3 million manat ($12.5 million).

The principal payment deadline is April 8, 2025.

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