BAKU, Azerbaijan, August 3. The Baku Stock Exchange held an auction on the placement of public bonds of the Azerbaijani Ministry of Finance with a circulation period of 1,820 days on August 2, Trend reports citing the ministry.
During the auction, four investors submitted seven bids in the price range from 89.9863 manat, or $52.99 (8.5 percent) to 94.8347 manat, or $55.8 (7.25 percent).
According to the ministry, the cut-off price of government bonds was set at 91.8891 manat, or $54.1 (eight percent), while the weighted average price – at 92.4763 manat, or $52.44 (7.8482 percent).
The total amount of bids at nominal prices amounted to 31.18 million manat ($18.36 million), whereas the placement volume – 18.8 million manat ($11.1 million).
The maturity date of the bonds is July 27, 2027.
