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.