Azerbaijani Ministry of Finance to auction manat bonds

Azerbaijani Ministry of Finance to auction manat bonds

Economy
13 June 2019, 13:15 119
An auction for placement of 25 million manats worth short-term bonds of Azerbaijan’s Ministry of Finance will be held at Baku Stock Exchange (BSE) on June 18, Trend reports referring to BSE.
Securities at a par value of 100 manats each and a maturity period of 364 days will be put up for the auction.
The maturity date for the bonds is June 16, 2020.
During the auction, non-competitive bids may account for up to 20 percent of the bond issue.
Azerbaijani investment company PASHA Capital will be the underwriter of the issuance.