BAKU, Azerbaijan, September 10. An auction for the placement of government bonds was held at the Baku Stock Exchange (BSE) on September 9, Trend reports via the Ministry of Finance.
The auction involved government bonds issued by the Ministry of Finance of the Republic of Azerbaijan with the ISIN code AZ0201120018 and a maturity period of 1080 days.
The Ministry noted that the total nominal value of orders submitted by investors for the AZ0201120018 bonds amounted to 141 million manat ($82.9 million).
“The Ministry of Finance determined the average weighted price of government bonds at 101.2674 based on competitive bids, yielding a return of 7.5202 percent, while the cut-off price was set at 100.7901, with a yield of 7.7000 percent.
The bonds are scheduled for repayment on September 9, 2028,” the statement said.
