Ministry of Finance Places This Year’s First Batch of T-bills
The February 3rd auction registered a decline of 1.1% in the yield of T-bills with a maturity period of one year.
According to the Baku Stock Exchange, the Ministry of Finance placed fully issued T-bills in the amount of 15 million manat. The investors submitted bids for purchase of T-bills worth over AZN 41 million.
For the acquired securities the investors paid more than 12 million manat. The average value of securities amounted to 84.64 manat at a nominal value of 100 manat.
This is the first auction on placement of T-bills this year. The Ministry of Finance and the Financial Markets Supervision House (FMSH) have not made public the parameters of the issue for 2017.
According to FMSH, the securities (414.6 million manat) accounted for 1.3% of the assets of the commercial banks of Azerbaijan. ------ 08D