11:51 - 23.05.2018

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May 23, Fineko/abc.az. The Ministry of Finance of Azerbaijan has held the next auction on placement of government short-term bonds yesterday.

The Baku Stock Exchange informs that on 22 May the Ministry sold manat-denominated bonds with ISIN-code AZ0104004681.

The bonds for AZN 35 million were offered for the 364-day period.

The 14 investors submitted 27 orders for purchase of the bonds for AZN 163.99 million. The investors gave from AZN 90.9544 (annual yield claim: 9.99%) up to AZN 93.4915 (6.9999%) for the bond.

In accord with Ministry's decision, the cut-off price was set at the level of AZN 92.1210 (yield: 8.6000%) and the weighted average price at AZN 92.4764 (8.1805%). As a result, the bonds were sold for AZN 35 million.