BAKU, Azerbaijan, December 6. The Baku Stock Exchange (BSE) held an auction on the placement of the Azerbaijani Finance Ministry's public bonds with a circulation period of 1,092 days on December 6, Trend reports via the BSE.
According to the exchange, 22 investors submitted 36 bids in the price range from 93.2 manat or $54.84 (8.46 percent) to 95.84 manat or $56.4 (7.4 percent) during the auction.
In accordance with the ministry's decision, the cut-off price of public bonds were set at 95.3 manat or $56.08 (7.6 percent), the average weighted price stood at 95.45 manat or $56.17 (7.56 percent).
The total amount of bids at nominal prices amounted to 162.9 million manat ($95.86 million), while the placement volume totaled 25 million manat ($14.7 million).
The maturity date of the bonds is June 24, 2025.