By  Trend

An auction for placement of 30 million manats worth medium-term bonds of Azerbaijan’s Ministry of Finance will be held at the Baku Stock Exchange (BSE) Oct. 9, the BSE said.

Some 300,000 bonds at a par value of 100 manats each and maturity period of 728 days will be put up for auction. The maturity date for the bonds is Oct. 6, 2020.

Azerbaijani investment company PASHA Capital is the underwriter of the issuance.

(1 USD = 1.7 AZN on Oct. 5)