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.