The Ministry of Finance will hold on Tuesday (15 November) an auction on placement of 6-month T-bills worth 19 million manat, Baku Stock Exchange informs.
At the previous auction the Ministry of Finance fully placed T-bills with a maturity period of 182 days in the amount of 17 million manat. The average value of the bonds amounted to 91.56 manat at par value of 100 manat. Investors will receive a return on the level of 18.57% per annum. Some investors purchased T-bills with a yield of 19.99%.
Note that the Ministry of Finance places T-bills with a maturity period of 91, 182 and 364 days to cover the current state budget deficit. They also placed T-bills issued in US dollars at the first stage. -----08D
Economics
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