T-bills Placed for AZN 1 Million
Short-term government bonds (State T-bills) AZ0104023368 series of $ 1 bn were placed on the auction, which took place on September 7 at the Baku Stock Exchange.
The auction was attended by one investor to the application of exactly 1 million manat. The application was submitted in price 96.40% (YTM 3.74%).
Cut-off price was set by the Ministry of Finance at 96.40% (3.74%) and was equal to the weighted average.
Repayment of the T-bills will be on 6 September 2013. - 15D -
Economics
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