Some 150,000 securities, with par value of 100 manats each and a maturity of 364 days, will be placed at the auction.
The maturity of the bonds is Sept. 15, 2020.
During the auction, non-competitive bids may take up to 20 percent of the bond issue.
Azerbaijan’s PASHA Capital investment company will be the issue underwriter.
(1 USD = 1.7 AZN on Sept. 12)