BAKU, Azerbaijan, August 9. The Baku Stock Exchange (BSE) hosted an auction on August 9 to place bonds of Azerbaijan's Finance Ministry with a circulation period of 1092 days, Trend reports citing the Ministry of Finance of Azerbaijan.
According to the exchange, during the auction, 19 investors submitted 28 bids in the price range from 89,6842 manat ($52,755) to 98,6345 manat ($580,202).
In accordance with the decision of the Ministry of Finance, the cut-off price of the bonds was determined at the level of 96.2593 manat ($56,6231), and the weighted average price - at the level of 97,3489 manat ($57,2641).
The total amount of applications at nominal prices was 108,278,300 manat ($63,693,118), and the volume of placement was 39,500,400 manat ($23,235,529).
The maturity date of the bonds is August 5, 2025.