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Finance Ministry Proposes Three-month Bonds
Tomorrow, August 2, the Baku Stock Exchange will hold an auction on placement of government bonds with a maturity period of 91 days.
Like the previous ones, the T-bills are discounted, i.e., investors themselves bid on them with a nominal value of 100 manats. In total, traded are bonds with a total nominal value of 20 million AZN.
In the previous auction held on July 12, the Finance Ministry agreed to repay these T-bills at the rate of 5.51% per annum (on average). ---08D
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