17:36 - 17.04.2018

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February 20, Fineko/abc.az. The Ministry of Finance of Azerbaijan has held the next auction on placement of state short-term bonds today.

The Baku Stock Exchange reports that on 17 February the Ministry sold manat-denominated bonds with ISIN-code AZ0104003683. They were offered in the amount of AZN 35 million for 364-day period.

The 12 investors submitted 25 orders for purchase of T-bills in the amount of AZN 137.442 million. The investors gave from AZN 88.5514 (claim for annual yield: 12.9999%) up to AZN 93.4915 (6.9999%) for T-bills.

In accord with MoF’s decision, the cut-off price was set at the level of AZN 91.8685 (yield: 8.9000%) and the weighted average price AZN 92.5841 (8.0540%). As a result, T-bills for AZN 35 million were sold.