On 18 June, the Ministry of Finance of Azerbaijan will put to auction state medium-term bonds in the amount of 7 million manats.
According to the BSE, maturity bonds, series 70 thousand AZ 0,106,010,405 nominal value of AZN 100, will be 1092 days, the date of maturity securities - June 24, 2016.
Yield securities - 4.25%. The term of interest payments - Dec. 26, 2014, June 26, 2015, December 25, 2015 and 24 June 2016.
Allowed at the auction are Noncompetitive bids not exceeding 20% ??of the issue volume. If the total volume of orders for bonds purchase submitted by auction participants is less than 20% of the bonds offered by the issuer to the auction, the issuer has the right not to accept the application.
In 2013 the Ministry of Finance plans to issue bonds totaling 200 million manats. - 17D-
Economics
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