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Azerbaijan’s Finance Ministry to sell manat bonds

19 May 2018 13:42 (UTC+04:00)
Azerbaijan’s Finance Ministry to sell manat bonds

By Trend

On May 22, the Baku stock exchange (BSE) will hold an auction to place short-term manat bonds of the Ministry of Finance of Azerbaijan in the amount of 35 million, the BSE said in a statement.

Some 350,000 bonds with a nominal value of 100 manat each and a circulation period of 364 days will be put up for auction. The payment term for the bonds is May 21, 2019.

The investment company PASHA Capital will be the underwriter of the emission.

The official rate as of May 19 is 1.7 AZN / USD.

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