Azerbaijan's Finance Ministry auctions public bonds

  20 September 2022    Read: 273

The Baku Stock Exchange (BSE) held an auction on the placement of public bonds of Azerbaijan’s Finance Ministry with a circulation period of 728 days on September 20, 2022, reports citing the BSE.

According to the exchange, 16 investors submitted 24 bids in the price range from 97.0298 manat or $57.08 (6.1 percent) to 98.5377 manat or $57.96 (5.28 percent) during the auction.

In accordance with the decision of the Ministry of Finance, the cut-off price of public bonds was set at 98.1487 manat or $57.73 (5.49 percent), while the average weighted price – at 98.419 manat or $57.89 (5.344 percent).

The total amount of bids at nominal prices amounted to over 52 million manat ($30.6 million), while the placement volume totaled 15 million manat ($8.8 million).

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

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