(MENAFN- Trend News Agency) BAKU, Azerbaijan, November 22. 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 November 29, trend reports via the BSE.
According to the exchange, 15 investors submitted 29 bids in the
price range from 90.95 manat or $53.5 (10 percent) to 96.16 manat
or $56.57 (4.01 percent) during the auction.
In accordance with the ministry's decision, the cut-off price of
public bonds were set at 95.72 manat or $56.31 (4.4999 percent),
the average weighted price stood at 95.84 manat or $56.38 (4.3698
percent).
The total amount of bids at nominal prices amounted to 466.396
million manat ($274.39 million), while the placement volume totaled
150 million manat ($88.2 million).
The maturity date of the bonds is November 28, 2023.
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