BAKU, Azerbaijan, October 13. An auction for placement of state bonds of the Ministry of Finance with ISIN code AZ0201040265 and maturity of 728 days will be held at Baku Stock Exchange on October 17, 2023, Trend reports.
According to the Ministry of Finance, the total nominal value of the bonds will be 90 million manat ($52.9 million).
There are two types of bonds on auction - coupon bonds and medium-term government bonds with a rate at 6 percent.
The nominal value of the security is stated at 100 manat ($58), and the number of securities is 900,000.
The maturity dates of the bonds are April 16, 2024, October 15, 2024, April 15, 2025 and October 14, 2025.
The principal maturity date is October 14, 2025.
The Baku Stock Exchange is the main stock exchange of Azerbaijan, which is engaged in the formation and development of the trading system, providing the organization of trade in securities and effective execution of concluded transactions. In 2022, 45 placements of corporate securities (excluding mortgage loans) were carried out at the Exchange.
The Baku Stock Exchange has bilateral relations with London, Warsaw, Moscow and other stock exchanges, and cooperates closely with the International Finance Corporation, together with which it held a conference dedicated to the corporate securities market.