Demand for Azerbaijani Finance Ministry’s bonds exceeds supply
By Trend
An auction for placement of medium-term bonds worth 10 million manats of Azerbaijan’s Ministry of Finance was held at the Baku Stock Exchange (BSE), the BSE said on November 14.
Five investors applied for bonds worth 20.21 million manats and maturity period of 1,092 days. The bonds worth 10 million manats were sold.
The applications were made within the price range of 100 manats (with a yield of 15 percent) and 114.0704 manats (9.5 percent).
Stop-out price on competitive bids was 105.8458 manats (with a yield of 12.5999 percent) and the weighted average price was 109.3694 manats (11.2349 percent).
The deadline for the payment on bonds is Nov. 10, 2020.
(1.7002 manats = 1 USD on Nov. 14)
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!