Azerbaijani Finance Ministry's securities in high demand
19.08.2020 17:58
Baku Stock Exchange (BSE) held an auction on placement of Azerbaijani Finance Ministry's medium-term government bonds worth 20 million manat ($11.7 million), Trend reports referring to BSE.
The interest payment term is 1,092 days.
During the auction, 12 investors submitted 17 bids in the price range from some 90.3179 manat ($53.13) with a yield to maturity (YTM) of 11.4999 percent to 101.0382 manat ($59.43) with the YTM of 8.732 percent per bond.
According to the decision of the Finance Ministry, the cut-off price of bonds amounted to 100 manat ($58.82) with the YTM of 9 percent, and the weighted average price was 100.6942 manat ($59.23) with the YTM of 8.732 percent.
The total amount of orders at nominal prices amounted to 87.795 million manat ($51.64 million), and the placement volume - 18.968 million manat ($11.16 million).
Bidders must fulfill their obligations to acquire bonds through Aug.19, 2020 (T+1).
www.anews.az
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