BAKU, Azerbaijan, October 25. An auction for placement of state bonds of the Azerbaijani Ministry of Finance with ISIN code AZ0101030093 and maturity of 364 days was held at Baku Stock Exchange (BSE) CJSC on October 24, 2023, Trend reports.
The ministry said that the total nominal value of the requests of the investors for the bonds was 227.8 million manat ($134 million).
The weighted average price of government bonds worth 120 million manat ($70.59 million) on tender orders was set by the Ministry of Finance at the level 92.7121 (yield 7.904 percent).
The maturity date of the bonds is October 22, 2024.
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.