12:11 - 25.04.2018

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April 25, Fineko/abc.az. The Ministry of Finance of Azerbaijan sold yesterday medium-term government bonds through the Baku Stock Exchange (BSE).

The BSE reports that an issue of bonds with ISIN-code AZ0106007690 for AZN 15 million with circulation term of 1,092 days and interest rate of 9% was placed yesterday.

The six investors received 14 orders for $56.747 million. The orders were submitted in the price range from AZN 90.3179 per bond (claim for annual yield: 13%) up to AZN 100.00 (9%).

In accord with Ministry’s decision, cut–off price is set at AZN 96.2234 (yield: 10.5%) and weighted average price at AZN 97.8061 (9.8625%). The bonds were placed for AZN 15 million.

The maturity date of the bonds is 20 April 2021.