Ministry of Finance Places Bonds Totaling AZN 27 Million

On October 25, the Ministry of Finance places bonds in a total amount of AZN 27 million at Baku Stock Exchange.

According to BSE, bonds worth AZN 10 million will be placed for a period of 364 days and those in the amount of AZN 17 million – for 182 days.

The Ministry of Finance has appointed the underwriter – the investment company JSC Pasha Capital.

On the latest auction of October 11 the yield of 364-day bonds amounted to 14.97%, and on October 18th the yield of 182-day bonds was 17.1%.

As of October 1, the Finance Ministry gained AZN 261,429,316 from the sale of T-bills.    -----08D

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