Baku Stock Exchange puts Finance Ministry's bonds on auction

2 September 2020 16:15 (UTC+04:00)

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Baku Stock Exchange (BSE) held an auction on placement of Azerbaijani Finance Ministry’s medium-term government bonds worth 10 million manat ($5.8 million) on Sept.1, 2020, Trend reports referring to BSE.

The interest payment term is 1,820 days.

According to the decision of the Finance Ministry, the average price of the bonds was 92.28 manat or $54.28 (10.9 percent).

The total amount of orders at nominal price amounted to 27.2 million manat ($16 million).

The maturity date of the bonds is Jan. 21, 2025.

Bidders must fulfill their obligations to acquire bonds through Sept.2, 2020 (T+1).

Baku Stock Exchange cooperates with a number of leading international financial institutions. In light of integration of the Azerbaijani economy to the global economy, effective management of capital markets in accordance with modern requirements, application of international standards, as well as the establishment of international relations with leading stock exchanges and financial institutions is of great importance for the Baku Stock Exchange.

(1 USD = 1.7 AZN on Sept.2)