BAKU, Azerbaijan, Mar. 15
The Baku Inventory Alternate (BSE) hosted an public sale on the position
of presidency bonds of the Ministry of Finance of Azerbaijan for a
whole of fifty million manat ($29.4 million) on March 15, 2022,
Pattern stories citing the BSE.
Bonds with a circulation interval of 1,820 days have been put up
for public sale.
In accordance with the BSE, in the course of the public sale 11 buyers submitted
17 within the worth vary from 74.2396 manat, or $43.69 (12 p.c) to
97.8399 manat, or $57.58 (5.5 p.c).
In accordance with the choice of the Ministry of Finance, the
cut-off worth and the common weighted worth of presidency bonds
had been set at 97.8399 manat, or $57.58 (5.5 p.c).
The full quantity of proposals at nominal costs amounted to
166.516 million manat ($98 million), whereas the position quantity
totaled 31.990 million manat ($18.8 million). Due to this fact, this
indicated that demand exceeded provide by greater than five-fold.
The maturity date of the bonds is March 9, 2027.