BAKU, Azerbaijan, January 24. The Baku Stock Exchange has held today an auction on the placement of the Azerbaijani Finance Ministry's public bonds with a circulation period of 364 days, Trend reports via the exchange.
As many as 20 investors submitted 37 bids in the price range from 91.3 manat or $53.71 (9.5 percent) to 94.9 manat or $55.82 (5.4 percent) during the auction.
In accordance with the ministry's decision, the cut-off price of public bonds was set at 92.6 manat or $54.4 (7.92 percent), and the average weighted price stood at 93 manat or $54.71 (7.5 percent).
The total amount of bids at nominal prices amounted to 167.433 million manat ($98.49 million), while the placement volume totaled 50 million manat ($29.4 million).
The maturity date of the bonds is January 23, 2024.
Recently, the National Depository Center (NDC) of Azerbaijan made coupon payments on the Finance Ministry's bonds as a paying agent. According to the NDC, the overall amount of payments accounted for 5.027 million manat ($2.96 million).