Ministry of Finance Takes Debt of Fifteen Million AZN

On May 3, the Ministry of Finance put on sale a new batch of short-term bonds, which it undertakes to repay within 91 days.

According to the Baku Stock Exchange, investors are offered bonds for a total amount of 15 million manat.

The Ministry of Finance has also changed the company to place its securities. The investment company Pasha Capital will be the underwriter. Previously this was done by Uni Capital.

Currently the interest rate on the Treasury bonds in AZN is a little more than the interest rate on insured deposits in AZN in banks (12%). ---08D

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