BAKU, Azerbaijan, January 19. The Baku Stock Exchange (BSE) will host an auction to place the Azerbaijani Finance Ministry's bonds for a total of 50 million manat ($29.4 million) on January 24, Trend reports citing the BSE.
Bonds with a nominal value of 100 manat ($58.8) each with a maturity of 364 days will be put up for auction.
The principal payment deadline is January 23, 2024.
The placement underwriter is PASHA Capital Investment Company CJSC.
During the auction, non-competitive orders are allowed to be accepted on the condition of not being more than 20 percent of the bond issue.
The issuer may not accept these orders if the volume of orders for the purchase of bonds placed by auction participants is less than 20 percent of the volume of bonds put up for auction by the issuer.