Baku / August 29, 18 / Turan: The auction on the sale of state mid-term bonds (SMTB) held on August 28 was considered invalid. This is the second auction in which investors and the Ministry of Finance have not agreed because of the rate of return on securities.The Ministry of Finance offered investors an SMTB yield of 9% per annum. Investors submitted applications at the level of 12 to 14.46% per annum. At the same time, the total volume of appli...

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