(MENAFN- Trend News Agency)
BAKU, Azerbaijan, May 18. The Baku Stock
Exchange (BSE) held an auction on the placement of government bonds
of Azerbaijan's Finance Ministry with a circulation period of 1,820
days on May 17, 2022, Trend reports citing the BSE.
According to the exchange, 11 investors submitted 16 bids in the
price range from 93.7625 manat or $55.15 (seven percent) to 98.2895
manat or $57.82 (5.9 percent) during the auction.
In accordance with the decision of the Ministry of Finance, the
cut-off price of government bonds and the weighted average price
were set at 97.4452 manat or $57.32 (6.1 percent).
The total amount of bids at nominal prices amounted to over
101.7 million manat ($59.82 million) and the placement volume – up
to 40 million manat ($23.5 million).
The maturity date of the bonds is May 11, 2023.
- Baku Stock Exchange
- Azerbaijani Finance Ministry
- government bonds
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