BAKU, Azerbaijan, Nov. 11
By Sadraddin Aghjayev - Trend:
The Baku Stock Exchange (BSE) will host an auction on the placement of interest-bearing medium-term government bonds of the Ministry of Finance of Azerbaijan for a total of 10 million manats ($5.9 million) on November 16, 2021, the Ministry of Finance told Trend on Nov. 11.
According to the ministry, 100,000 bonds with a face value of 100 manats ($58.84) each with a circulation period of 1,092 days and a yield of five percent will be put up for sale.
It is reported that interest payment deadlines are set for May 17 and November 15, 2022, May 16 and November 14, 2023, May 14 and November 12, 2024.
The principal amount is due November 12, 2024.
It is noted that the Ministry of Finance of Azerbaijan plans to issue 17 million bonds for a total of 1.7 billion manats ($1 billion) in 2021.
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