Short-term government bonds (T-bills) series AZ0101042361 at $ 4 mln were placed on auction held on December 10 at the Baku Stock Exchange.
At the stated amount of bonds of AZN 4 million, demand for them by the two bidders exceeded 4.2 mln at face value. Orders were presented in price range from 99.40% (YTM 2.42%) to 99.39% (2.46%).
Cut-off price was set by the Ministry of Finance at 99.39% (2.46%) and was equal to the weighted average.
Repayment of T-bills will be on 8 March 2013. - 15D -
Economics
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