Ministry of Finance Sells Another Bond Package

Tomorrow at Baku Stock Exchange an auction will be held for the sale of government bonds for a total amount of 20 million manat.

According to the BSE, the bonds are placed in uniform parts and will be repaid after 6 and 12 months.

This year, the Ministry of Finance in order to cover the expected state budget deficit has issued short-term and medium-term bonds worth 400 million AZN and 500 million US dollars. For three months they placed a small part of them. The manat bonds guarantee income not less than 7.5%, and the dollar bonds guarantee 3.5% per annum.   ----- 08D

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