BAKU, Azerbaijan, May 28. The bonds of the Azerbaijani Finance Ministry for a total of 40 million manat ($23.5 million) will be placed on the Baku Stock Exchange (BSE) on May 31, Trend reports with reference to the BSE.
The future bonds will be of a face value of 100 manat ($58.8) each with a circulation period of 1,092 days and a profitability of 4.5 percent.
The terms of payment of interest are scheduled for November 29, 2022, May 30, 2023, November 28, 2023, May 28, 2024, November 26, 2024 and May 27, 2025.
The deadline for payment of the principal amount is May 27, 2025.