17:34 - 5.03.2019

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March 5, Fineko/abc.az. The Ministry of Finance of Azerbaijan has sold state medium-term bonds through the Baku Stock Exchange (BSE).

The BSE reports that the bond issue with ISIN-code AZ0105004755 for AZN 20 million and circulation term of 728 days was placed on 5 March.

The 10 investors submitted 13 orders for totally AZN 64.48 million. The orders were submitted in the price range from AZN 100.0000 per bond (yield: 8%) to AZN 100.9128 (7.5%).

Under MoF decision, the cut-off price was set at the level of AZN 100.9128 (yield: 7.5%) and the weighted average price was equal to it.

As a result, the bonds were placed for AZN 20 million.

The maturity date of the bonds is 2 March 2021.