Baku Stock Exchange (BSE) will hold an auction on placement of 20 million manat ($11.7 million) worth state medium-term bonds of the Ministry of Finance on September 8, Trend reports referring to BSE.
The bids will be filed during the auction from 11:00 (GMT+4) to 12:30 in accordance with BSE’s trade regulations.
Bonds with face value of 100 manat ($58.8), a circulation period of 1,092 days and a yield of 9 percent will be offered at the auction.
The interest payment dates for the bonds are March 9, 2021; September 7, 2021; March 8, 2022; September 6, 2022; March 7, 2023; and September 5, 2023.
PASHA Capital Investment Company is underwriter on issuing of the state bonds of the Ministry of Finance.
(1 USD = 1.7 AZN on Sept.3)
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