BAKU, Azerbaijan, July 5. The Baku Stock Exchange (BSE) held an auction on the placement of public bonds of Azerbaijan’s Finance Ministry with a circulation period of 1,820 days on July 5, 2022, Trend reports citing the BSE.
According to the exchange, 3 investors submitted 5 bids in the price range from 88.1 manat or $51.84 (nine percent) to 95.8 manat or $56.40 (6.9 percent) during the auction.
In accordance with the decision of the Ministry of Finance, the cut-off price of public bonds was set at 93.8404 manat or $55.2 (7.5 percent), while the average weighted price – at 94.4 manat or $55.56 (7.3 percent).
The total amount of bids at nominal prices amounted to over 46.2 million manat ($27.1 million), while the placement volume totaled 12.4 million manat ($7.2 million).
The maturity date of the bonds is June 29, 2027.