The maturity period of the bonds is 364 days.
During the auction, 13 investors submitted 23 bids in the price range from 91.7 manat ($54) with a yield of 9 percent to 94.3 manat ($55.5, with a yield of 6 percent).
According to the Finance Ministry’s decision, the cut-off price of bonds amounted to 94.3 manat ($55.5, or 6 percent) while the weighted average price was 94.3 manat ($55.5, or 6 percent).
The total volume of the placed orders reached 125 million manat ($73.6 million) at a nominal price, and the placement volume – 25 million manat ($14.7 million).
The deadline for the payment on bonds is Nov. 17, 2020.
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