Azerbaijani Ministry of Finance to auction manat bonds
By Trend
An auction for placement of 15 million manats worth mid-term bonds of Azerbaijan’s Ministry of Finance will be held at the Baku Stock Exchange (BSE) on March 19, Trend reports referring to the BSE.
Some 1.5 million securities at a par value of 100 manats each and a maturity period of 1,092 days will be put up for the auction.
The interest rate will be 9 percent per annum. Interest payments during the circulation period will be made six times.
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