Finance Ministry places AZN 20M-bonds

  20 April 2016    Read: 870
Finance Ministry places AZN 20M-bonds
Today, auctions on placement of bonds of Ministry of Finance with the registration number of AZ0102009492 ISIN, term of circulation of 182 days and volume of AZN 10 mln, and registration number of AZ0104010498 ISIN, term of circulation of 364 days and volume of AZN 10 mln were carried out at Baku Stock Exchange.
Term of circulation is 91 days.

The volume of submitted bid by participators on bonds with the state registration number of AZ0102009492 ISIN was AZN 26.5 mln at face value.

The Ministry of Finance set the cut off price in the amount of 93.8967% (YTM 13.1436%) and the weighted average price in the amount of 94.3208% (YTM 12.1753%).

The maturity date of T-bills is October 18, 2016.

At the same time, the volume of submitted bid by participators on bonds with the state registration number of AZ0104010498 ISIN was AZN 12.1 mln at face value.

The Ministry of Finance set the cut off price in the amount of 87.0100% (YTM 15.0115%) and the weighted average price in the amount of 89.8585% (YTM 11.3482%).

The maturity date of T-bills is April 18, 2017.

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