Yield of two-year government bonds has increased

17:57 - 17.10.2023

October 17, Fineko/abc.az. An auction has been held today at the Baku Stock Exchange for placement of Finance Ministry’s government medium-term bonds with ISIN number AZ0201040265 and 728-day circulation term in the amount of AZN 90 million. 

ABC.AZ was informed at the BSE that during the auction, 48 orders were submitted by 25 investors with price range of 89.6046 (12%) manats and 97.2615 (7.4999%) manats.

Under MoF decision, the price of the bonds is set at 95.6645 (8.4%) manats, and the weighted average price is 95.9785 (8.2215%) manats. The auction was held the last time on September 19, and the average yield at this auction was 8.04%.

The total amount of orders at the nominal price was 211,434,300 manats, and the volume of orders placed was 135,000,000 manats.
The maturity date of the bonds is 14.10.2025. The auction participants must fulfill their obligations to purchase bonds by October 18, 2023.