Azerbaijani Ministry of Finance to auction manat bonds
By Trend
An auction for placement of 20 million manats worth mid-term bonds of Azerbaijan’s Ministry of Finance will be held at Baku Stock Exchange (BSE) on June 11, Trend reports referring to BSE.
Securities at a par value of 100 manats each and a maturity period of 728 days will be put up for the auction.
The interest rate will be 8 percent per annum.
The maturity date for the bonds is June 8, 2021.
Azerbaijani investment company PASHA Capital will be the underwriter of the issuance.
(1 USD = 1.7 AZN on June 4)
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