Ministry of Finance to Place T-bills of Ten Million Manat

Tomorrow at Baku Stock Exchange the next batch of state T-bills of the Ministry of Finance will be placed. Investors are invited to buy discount bonds of 10 million manat with a circulation period of 182 days.

This year, the Ministry of Finance has issued T-bills in the total amount of AZN 700 million, which, like last year, will be placed on a pre-approved schedule.

Investors in these securities are mainly banks and insurance companies, which are facing a problem with the placement of available funds. Yields on the T-bills are 16 to 19% per annum. ----08D

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