Ministry of Finance Did Not Satisfy All Investors

The auction held on March 28 sold 94,985 out of 100,000 offered government mid-term bonds. The investors however had applied for bonds totaling AZN 26.5 million.

According to the Baku Stock Exchange, bonds with a maturity of 2 years were placed at the weighted average price of 100 manat 1 gepik or 14.99% per annum.

Prior to this, on February 28, the Ministry of Finance placed government medium term bonds in the amount of 10 million manat at a rate of 15% per annum.   ---08D

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