Azerbaijani Finance Ministry to put up bonds for sale

Trend:

The Baku Stock Exchange (BSE) will hold an auction on placement of mid-term bonds of Azerbaijan’s Ministry of Finance for 20 million manats (AZN) on February 12, Trend reports referring to the BSE.

Placed at the auction will be two million securities with par value of 100 AZN each, with a maturity of 728 days and an annual rate of 8 percent. The note maturity date is February 9, 2021.

The issue underwriter is the PASHA Capital investment company.

($1=1.7 AZN on February 8)