An auction to be held to place the bonds of the Ministry of Finance

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An auction to be held to place the bonds of the Ministry of Finance

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14 Aug 2020

An auction to be held to place the bonds of the Ministry of Finance

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On August 18, 2020 an auction on State Medium-Term Bonds of the Ministry of Finance will be held at Baku Stock Exchange. Collection of orders during the auction will be organized from 11:00 to 12:30 in accordance with the trading regulations of BSE.

        Information on the bond issue parameters is given in the table below;

Type of state bondInterest-bearing, medium-term state bonds
ISIN code of securitiesAZ0106016782
Emission volume20 000 000 AZN
Par value100 AZN
Turnover of bonds1092  days
Interest payments (if any)February 16, 2021, August 17, 2021, February 15, 2022, August 16, 2022, February 14, 2023, August 15, 2023
Interest income9 %
Payment date15.08.2023
UnderwriterPasha Capital IC CJSC

During the auction, non-competitive orders are allowed to be accepted, provided that they do not exceed 20% of the bond issue.

In addition, the Issuer may not accept such bids if volume of orders placed by auction participants for purchase of bonds is less than 20% of the volume of bonds put up for auction by the Issuer.

If the demand for government bonds exceeds the supply during the auction and the price satisfies the Issuer, the volume of bonds offered by the Issuer may be increased by up to 50 percent. Those interested in participating in the auction can apply to AzFinance Investment Company CJSC, a member of the  stock exchange.

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