Finance Ministry places AZN 20M-bonds

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# 16:53
25 July 2017

Today, an auction on placement of short-term bonds of Ministry of Finance with the term of circulation of 182 days and volume of AZN 19 million was carried out at Baku Stock Exchange.

 

The total volume of 31 orders submitted by 15 participators was AZN 78,979,000 at face value.

 

The orders were submitted with the 93.0766% (15.0000%) and 96.1640% (8.0441%) price. GB realized with volume of at face value was AZN 20 million.

 

The Ministry of Finance set the cut off price in the amount of 95.4106% (YTM 9.7000%) and the weighted average price in the amount of 96.0267% (YTM 8.3439%).

 

GB realized with volume of at face value was AZN 10 million.

 

The maturity date of T-bills is January 23, 2018.

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THE OPERATION IS BEING PERFORMED