An auction for placement of mid-term state bonds worth 15 million manats ($8.8 million) of Ministry of Finance was held at Baku Stock Exchange (BSE) on November 26.
The maturity period of the bonds is 1,092 days.
During the auction 16 investors submitted 29 bids in the price range from 94.9 manats ($55.9) with a yield of 10% to 101.3 manats ($59.7) with a yield of 8%).
According to the Finance Ministry’s decision, the cut-off price of bonds amounted to 100.7 manats ($59.3, or 8.2%) while the weighted average price was 100.8 manats ($59.4, or 8.1%).
The total volume of the placed orders reached 78.9 million manats ($46.5 million) at a nominal price, and the placement volume – 15 million manats ($8.8 million).
The deadline for the payment on bonds is November 22, 2022. (AzerNews/Business World Magazine)
