BAKU, Azerbaijan, December 29. The Baku Stock Exchange (BSE) held an auction on the placement of the Azerbaijani Finance Ministry's public bonds with a circulation period of 306 days, Trend reports via the BSE.
As many as 24 investors submitted 44 bids in the price range from 89 manat or $52.35 (14.79 percent) to 96.38 manat or $56.69 (4.50 percent) during the auction.
In accordance with the ministry's decision, the cut-off price of public bonds was set at 96.38 manat or $56.69 (4.50 percent), and the average weighted price stood at 96.38 manat or $56.69 (4.50 percent).
The total amount of bids at nominal prices amounted to 683.127 million manat ($401.85 million), while the placement volume totaled 500 million manat ($294.1 million).
The maturity date of the bonds is October 31, 2023.