BAKU/04.06.13/TURAN" On 21 June, the Ministry of Finance of Azerbaijan will put on auction treasury bills worth 3 million manat.
According to the BSE, maturity bonds, series 10 thousand AZ 0,104,019,390 nominal value of AZN 100, will be 364 days, the date of maturity securities - June 20, 2014.
Allowed at the auction are Noncompetitive bids not exceeding 20% ??of the issue volume. If the total volume of orders for bonds purchase submitted by auction participants is less than 30% of the bonds offered by the issuer to the auction, the issuer has the right not to accept the application.
Placement auctions of T-bills are held on the basis of agreement between the Ministry of Finance and the BSE Agreement of 29 August 2002.
In 2013 the Ministry of Finance is planning to issue T-bills for AZN 200 million. - 17D-
Economics
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