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Azerbaijan Ministry of Finance to Put Bonds up for Auction

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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)

Source Link: https://menafn.com/1098913491/Azerbaijani-Ministry-of-Finance-to-put-bonds-up-for-sale

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Ezra Ondara

Ezra Ondara

Ezra Ondara is a freelance writer and journalist with a keen interest digital marketing, finance, real estate and insurance. He has a nose for news in these key areas and is determined to keep online readers and enthusiasts up to date with real stories as they happen from all around the globe. When he’s not poking his nose into the business world, he will be watching the Premier League over the weekend or out of town with his family.

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