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Home Business Azerbaijan Finance Ministry to auction mid-term bonds

Azerbaijan Finance Ministry to auction mid-term bonds

by News desk
January 19, 2021
in Business

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Baku

The Baku Stock Exchange (BSE) will host an auction on placement of state medium-term bonds of the Ministry of Finance of Azerbaijan for a total of 50 million manat ($29.4 million) on January 19, 2021, Trend reports with reference to the stock exchange.
Bonds with a circulation term of 728 days and a yield to maturity (YTM) of 7 percent will be offered at the auction.
The deadline for payment on interest (if any) is July 20, 2021, January 18, 2022, July 19, 2022, and January 17, 2023, while for payment on bonds – January 17, 2023.
PASHA Capital Investment Company is an underwriter on issuing of the ministry’s state bonds. It is allowed to accept non-competitive orders during the auction, provided that the bond issue does not exceed 20 percent.—AzerNews