Azerbaijan’s Finance Ministry to put up manat bonds for auction
By Trend
The auction on the placement of short-term bonds worth 15 million manats (1.6006 AZN/USD on Oct. 8) of Azerbaijan’s Ministry of Finance will be held at the Baku Stock Exchange (BSE) on October 11, the BSE said.
Some 150,000 bonds with par value of 100 manats each and maturity of 364 days will be put up for the auction.
The maturity of bonds is Oct. 10, 2017.
PASHA Capital investment company is the underwriter of the issuance.
Azerbaijan’s State Committee for Securities registered two issue prospectus of state short-term and medium-term bonds of the Finance Ministry in the total amount of 400 million manats, as well as two state bonds issue prospectus in the amount of $500 million in late January.
The country’s Finance Ministry said that the bonds will be placed throughout the year.
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