The Baku Stock Exchange (BSE) held an auction on the placement
of public bonds of Azerbaijan's Finance Ministry with a circulation
period of 1,820 days on July 5, 2022, Azernews reports, citing the
According to the exchange, 3 investors submitted 5 bids in the
price range from AZN88.1 or $51.84 (nine percent) to AZN95.8 or
$56.40 (6.9 percent) during the auction.
In accordance with the decision of the Ministry of Finance, the
cut-off price of public bonds was set at AZN93.8404 or $55.2 (7.5
percent), while the average weighted price – at AZN94.4 or $55.56
The total amount of bids at nominal prices amounted to over
AZN46.2 million ($27.1 million), while the placement volume totaled
AZN12.4 million ($7.2 million).
The maturity date of the bonds is June 29, 2027.
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- Baku Stock Exchange
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