22:35 - 30.07.2019

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July 30, 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 on 30 July it placed the issue of bonds with ISIN-code AZ0105014754 for AZN 25 million with circulation period of 728 days.

The 14 investors submitted 27 orders for totally AZN 79.119 million. The investors offered from AZN 96.4540 (yield: 10%) up to AZN 101.4102 (7.23%) per bond.

Under MoF’s decision, the cut-off price was set at the level of AZN 100.9679 (yield: 7.47%), and the weighted average price AZN 101.1628 (7.3641%).

Following the auction the bonds were placed for AZN 25 million.

The maturity date of the bonds is 27 July 2021.