...

Azerbaijani Ministry of Finance puts up public bonds for auction

Finance Materials 27 December 2022 18:09 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
Read more

BAKU, Azerbaijan, December 27. The Baku Stock Exchange (BSE) held an auction on the placement of the Azerbaijani Finance Ministry's public bonds with a circulation period of 364 days on December 27, Trend reports via the BSE.

A total of 23 investors submitted 56 bids in the price range from 87.7 manat or $51.5 (13.9 percent) to 94.3 manat or $55.4 (5.9 percent) during the auction.

In accordance with the ministry's decision, the cut-off price of public bonds was set at 92.2 manat or $54.2 (8.49 percent), and the average weighted price stood at 92.6 manat or $54.7 (8 percent).

The total number of bids at nominal prices amounted to 280.8 million manat ($165.1 million), while the placement volume totaled 120 million manat ($70.5 million).

The maturity date of the bonds is December 26, 2023.

Latest

Latest