On the December 13 auction on Baku Stock Exchange the Ministry of Finance fully sold T-bills put up for sale in the total amount of 10 million manat.
BSE informs that 7 investors participated in the auction. They presented 17 applications totaling 25.7 million manat.
The weighted average yield on the T-bills, the turnover of which will be 91 days, was set at 17.8% per annum. On the previous auction of November 2, T-bills were placed at the yield of 18.44%.
From the sale of the T-bills the Ministry of Finance raised AZN 9 million 580.8 thousand.
From March to December 1, 2016, the Ministry of Finance raised financial means in the total amount of AZN 380 million. ------08D
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