Bank Of Baku

Finance Ministry issues AZN 15M-bonds

Finance Ministry issues AZN 15M-bonds
# 05 April 2016 14:51 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. Today an auction on placement of bonds of Ministry of Finance with the volume of AZN 15 mln was carried out at Baku Stock Exchange.

 

Term of circulation is 91 days.

 

The volume of submitted bid by participators was AZN 56.5 mln at face value.

 

The Ministry of Finance set the cut off price in the amount of 97.1000% (YTM 12.1455%) and the weighted average price in the amount of 97.3346% (YTM 11.1361%).

 

The maturity date of T-bills is July 5, 2016.

 

 

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