17:18 - 8.09.2020

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September 8, Fineko/abc.az. An auction for the placement of Finance Ministry’s state medium-term bonds for AZN 20 million with maturity of 1,092 days at the Baku Stock Exchange held ys.

ABC.AZ reports that during the auction 17 orders were submitted to 12 investors with a price range of AZN 92.5067 (12.0501%) and AZN 100.7775 (8.6999%).

In accordance with Ministry’s decision the bond price was set at AZN 97.4871 (9.9900%) and the weighted average price at AZN 97.7505 (9.8847%). The nominal bid price was AZN 75.49 million, and the total volume of orders placed was AZN 30 million. The bond maturity date is 5 September 2023.