TODAY.AZ / Business

Ministry of Finance held an auction for short-term state loans

10 November 2005 [12:49] - TODAY.AZ
Auction on additional placement of short-term state loans with the registration number 10201608S of the Ministry of Finance was held in the Baku Stock Exchange (BSE).

According to the information given to APA from BSE, the orders were presented by 3 investors and formed 6 milliard 782 million manats at face-value. The orders were presented in the 97.80 % (profitability 12.44 %) – 97,83 % (profitability 12,26 %) price diapason.

Cut off price of the loans on the competitive orders was determined 97.80 % (profitability 12.44 %) and weighted average price 97.82 % (profitability 12.32 %) by the Ministry of Finance. The volume of the loans realized at face-value was determined 2 milliard 401 million manats and 6 milliard 782 million manats including the non-competitive orders.

Expiration date of the loans is January 13, 2006.



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