Finance ministry to put up manat bonds for auction
An auction for placement of short-term bonds of Azerbaijan’s Ministry of Finance will be held at the Baku Stock Exchange (BSE) Dec. 20, the BSE reported on December 16.
The bonds are worth 25 million manats (1.7525 AZN/USD on Dec. 16).
Some 100,000 bonds at a par value of 100 manats each and maturity period of 364 days and 150,000 bonds at a par value of 100 manats each and maturity period of 182 days will be put up for auction. The maturity date of the bonds is Dec. 19 and June 20, 2017, respectively.
Azerbaijani investment company PASHA Capital is the underwriter of the issuance.
Azerbaijan’s State Committee for Securities registered two issue prospectuses of short-term and medium-term bonds of the Finance Ministry worth a total of 400 million manats as well as two bond issue prospectuses worth $500 million in late January.
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