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HomeEuropean NewsAzerbaijan's Finance Ministry auctions public bonds

Azerbaijan’s Finance Ministry auctions public bonds



BAKU, Azerbaijan, September 20. The Baku Inventory
Alternate (BSE) held an public sale on the location of public bonds of
Azerbaijan’s Finance Ministry with a circulation interval of 728 days
on September 20, 2022, Development stories through the
BSE.

In line with the alternate, 16 traders submitted 24 bids within the
worth vary from 97.0298 manat or $57.08 (6.1 %) to 98.5377
manat or $57.96 (5.28 %) in the course of the public sale.

In accordance with the choice of the Ministry of Finance, the
cut-off worth of public bonds was set at 98.1487 manat or $57.73
(5.49 %), whereas the typical weighted worth – at 98.419 manat
or $57.89 (5.344 %).

The whole quantity of bids at nominal costs amounted to over 52
million manat ($30.6 million), whereas the location quantity totaled
15 million manat ($8.8 million).

The maturity date of the bonds is September 17, 2024.

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