Investors get Azerbaijani ministry's bonds for over 7M manats

An auction on the placement of short-term bonds worth 20 million manats (1.6 AZN/USD on Oct. 19) of Azerbaijan’s Ministry of Finance was held at the Baku Stock Exchange (BSE), said the BSE.

The bonds’ maturity is 182 days, according to the BSE.

During the auction four investors submitted eight applications worth almost 7.14 million manats.

The applications were within the price range of 91.3 manats (with a yield of 19.2159 percent) and 93.3 manats (14.4812 percent).

The deadline for the payment on bonds is Apr. 18, 2017.

PASHA Capital investment company is the underwriter of the issuance.