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

Finance Materials 19 April 2022 18:19
Azerbaijan's Ministry of Finance holds auction on medium-term government bonds
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, April 19. 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 1820 days on April 19, 2022, Trend reports citing the BSE.

According to the exchange, 10 investors submitted 183 bids in the price range from 80.6956 manat ($47.46) to 97.8613 manat ($57.56) 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 96.0614 manat ($56.506). The total amount of bids at nominal prices amounted to 109.037 million manat ($64.13 million) and the placement volume – 30.47 million manat ($17.92 million).

The principal payment deadline is April 13, 2025.

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