17:40 - 12.06.2018

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June 12, Fineko/abc.az. The Ministry of Finance of Azerbaijan has sold state medium-term bonds through the Baku Stock Exchange (BSE) today.

The BSE reported about placement of the bond issue with ISIN-code AZ0105010695 for AZN 30 million with 728-days circulation term.

The 13 investors submitted 29 orders for AZN 104.48 million. The orders were submitted in the price ranging from AZN 96.4540 for the bond (annual yield claim: 10.00%) to AZN 100.1817 (7.90%).

In accord with Ministry’s decision the cut–off price is set at the level of AZN 99.0978 AZN (yield: 8.50%) and weighted average price AZN 99.2710 (8.4035%).

As a result, the bonds were placed for AZN 30 million.

The maturity date of the bonds is 9 June 2020.