Azerbaijan’s Finance Ministry to auction manat bonds
Trend:
An auction for placement of 30 million manats worth medium-term bonds of Azerbaijan’s Ministry of Finance will be held at the Baku Stock Exchange (BSE) April 10, the BSE said April 7.
Some 300,000 bonds at a par value of 100 manats each, annual rate of 8 percent and maturity period of 728 days will be put up for auction.
Azerbaijani investment company
PASHA Capital is the underwriter of the issuance.
(1.7 manats = $1 on April 7)