BAKU, Azerbaijan, June 3. The Baku Stock Exchange (BSE) will host an auction to place bonds of Azerbaijan's Ministry of Finance for a total of 40 million manat ($23.5 million) on June 7, Trend reports citing the BSE.
Bonds of 100 manat ($58.8) with a circulation period of 1,820 days and a yield of six percent will be put up for auction.
Interest payment dates are set for December 6, 2022, June 6, 2023, December 5, 2023, June 4, 2024, December 3, 2024, June 3, 2025, December 2, 2025, June 2, 2026, December 1, 2026, and June 1, 2027.
The principal payment deadline is June 1, 2027.
The placement underwriter is PASHA Capital Investment Company CJSC.