BAKU, Azerbaijan, . The Baku Stock Exchange (BSE) held an auction on the placement of government bonds of Azerbaijan’s Finance Ministry with a circulation period of 1,092 days on , 2022, Trend reports citing the BSE.

According to the exchange, 11 investors submitted 19 bids in the price range from 91.0738 manat or $53.6 (7.9 percent) to 99.171 manat or $58.37 (4.8 percent) during the auction.

In accordance with the decision of the Ministry of Finance, the cut-off price of public bonds and the average weighted price were set at 98.8071 manat or $58.15 (4.9 percent).

The total amount of bids at nominal prices amounted to over 163.9 million manat ($96.47 million), while the placement volume totaled 60 million manat ($35.3 million).

The maturity date of the bonds is May 27, 2025.

Source: TREND News Agency