BAKU, Azerbaijan, February 21. The
Baku Stock Exchange held an public sale on the position of the
Azerbaijani Finance Ministry’s public bonds price 40 million manat
($23.5 million) with a circulation interval of 728 days, Trend reviews through the
alternate.
As many as 26 traders submitted 50 bids within the value
vary from 91.2 manat or $53.6 (11 p.c) to 95.4 manat or $56.1
(8.5 p.c) through the public sale.
In accordance with the ministry’s choice, the
cut-off value of public bonds was set at 92.35 manat or $54.3 (9.15
p.c), and the common weighted value stood at 94.5 manat or
$55.5 (9.0354 p.c).
The complete quantity of bids at nominal costs amounted to
144.6 million manat ($85.06 million), whereas the position quantity
totaled 47.05 million manat ($27.6 million).
The maturity date of the bonds is February 18,
2025.
If the demand for public bonds exceeds the availability
through the public sale, and the worth satisfies the issuer, the amount
of bonds supplied by the issuer could be elevated as much as 50
p.c.
Recently, the National Depository Center (NDC) of
Azerbaijan made coupon funds on the Finance Ministry’s bonds as
a paying agent. According to the NDC, the general quantity of
funds accounted for two.72 million manat ($1.6 million).
