BAKU, Azerbaijan, November 22. The Baku Stock Exchange (BSE) held an auction on the placement of the Azerbaijani Finance Ministry's public bonds with a circulation period of 364 days on November 22, Trend reports via the BSE.
According to the exchange, 16 investors submitted 27 bids in the price range from 90.95 manat or $53.5 (9.99 percent) to 96.08 manat or $56.52 (4.1 percent) during the auction.
In accordance with the decision of the Ministry of Finance, the cut-off price of public bonds were set at 95.35 manat or $56.09 (4.89 percent) and the average weighted price – at 95.95 manat or $56.45 (4.25 percent).
The total amount of bids at nominal prices amounted to 436.03 million manat ($256.5 million), while the placement volume totaled 93.45 million manat ($54.97 million).
The maturity date of the bonds is November 21, 2023.