Demand for Azerbaijani Finance Ministry’s bonds exceeds supply

  17 October 2018    Read: 836
Demand for Azerbaijani Finance Ministry’s bonds exceeds supply

An auction for placement of short-term state bonds worth 40 million manats and maturity period of 364 days of Azerbaijan’s Ministry of Finance was held at the Baku Stock Exchange (BSE), the BSE said.

Fifteen investors applied for bonds worth 82.43 million manats. The bonds worth 40 million manats were sold.

The applications were made within the price range of 89.3119 manats (with a yield of 12.033 percent) and 93.5785 manats (6.8999 percent).

Stop-out price on competitive bids was 92.8869 manats (7.6999 percent) and the weighted average price was 93.3607 manats (7.1506 percent).

The deadline for the payment on bonds is October 6, 2020.

(1.7 manats = $1 on October 17)


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