...

Azerbaijan's Finance Ministry puts up government bonds for auction

Finance Materials 23 August 2022 17:32 (UTC +04:00)
Azerbaijan's Finance Ministry puts up government bonds for auction
Kamran Gasimov
Kamran Gasimov
Read more

BAKU, Azerbaijan, August 23. The Baku Stock Exchange (BSE) hosted an auction on August 29 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, 18 investors submitted 28 bids in the price range from 93 manat or $54 (7.8512 percent) to 100 manat or $58 (5.2806 percent).

In accordance with the decision of the Ministry of Finance, the cut-off price of the bonds was determined at the level of 96 manat ($56), and the weighted average price - at the level of 97 manat ($57).

The total amount of applications at nominal prices was 105 million manat ($61 million), and the volume of placement was 45 million manat ($26 million).

The maturity date of the bonds is June 24, 2025.

Tags:
Latest

Latest