BAKU: The Baku Stock Exchange (BSE) is set to hold an auction on the placement of mid-term bonds of the Azerbaijan Ministry of Finance for 20 million manats (around 12 million US Dollars) on August 27, according to Trend reports.
Some 200,000 securities valued 100 manats each and with a maturity of 1,092 days will be placed on sale. The interest rate will be 9% per annum.
The maturity of the bonds is August 23, 2022.
During the sale, non-competitive bids may take up to 20% of the bond issue.
The country’s PASHA Capital investment firm will be the issue underwriter.
($1=1.7 AZN on Thursday, Aug. 22)