Today.Az » Business » Azerbaijan's Finance Ministry puts up state bonds for another auction
07 July 2021 [19:10] - Today.Az
By Trend The Baku Stock Exchange (BSE) held an auction on the placement of state medium-term bonds of the Azerbaijani Ministry of Finance, Trend reports on July 7 referring to a source in the BSE. The amount of the bonds was 20 million manat ($11.7 million) and the term of maturity – 728 days. During the auction, 10 investors filed 19 bids in the price range from 99.08 manat ($58.28) with a yield to maturity (YTM) of 6.5 percent to 101.2 manat ($59.53) with a YTM of 5.35 percent. In accordance with the decision of the finance ministry, the cut-off price of bonds reached 100 manat ($59) with the YTM of 6 percent, and the weighted average price – 100.16 manat or $58.92 (5.91 percent). The total amount of applications at nominal prices amounted to nearly 77.67 million manat ($45.69 million) while the volume of placement - 30 million manat ($17.65 million). The maturity date is July 4, 2023. The auction participants must fulfill their obligations to purchase bonds till July 7, 2021. (1 USD = 1.7 AZN on July 7)
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