Demand for Azerbaijani Finance Ministry’s bonds exceeds supply

By Trend
An auction for placement of short-term state bonds worth 25 million manats and maturity period of 364 days of Azerbaijan’s Ministry of Finance was held at the Baku Stock Exchange (BSE), Trend reports referring to the BSE.
Eighteen investors applied for bonds worth 83.4 million manats. The bonds worth 25 million manats were sold.
The applications were made within the price range of 90.9 manats (with a yield of 10 percent) and 93.4 manats (7.09 percent).
Stop-out price on competitive bids was 92.4 manats (8.2 percent) and the weighted average price was 93.04 manats (7.5 percent).
The deadline for the payment on bonds is April 14, 2020.
(1 USD = 1.7 AZN on April 17)
---
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!