On November 8 at Baku Stock Exchange the Ministry of Finance placed bonds in the amount of 15 million manat, with the circulation period of 364 days.
According to BSE, 6 investors filed 13 applications for a total amount of 34 million manat. As a result of the auction, bonds with par value of AZN 100 were sold at a weighted average price of AZN 87.07. In other words, their yield will be 14.97% per annum.
According to the last (25 October) auction, investors will receive a yield of 15.03% per annum.
Note that T-bills are discounted. Bonds for 15 million manat were placed. The Ministry of Finance raised AZN 13 million 71.3 thousand. At the end of the year, investors will get back their 15 million manat. ----08D
Economics
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