BAKU, Azerbaijan, Feb.14
By Zeyni Jafarov – Pattern:
The Baku Inventory Alternate (BSE) will host an public sale on placement of state medium-term bonds of the Azerbaijani Finance Ministry for a complete of 45 million manat ($26.5 million) on February 16, 2021, Pattern stories as regards to the inventory alternate.
Bonds with a par worth of 100 manat ($58.8), a circulation time period of 728 days and a yield to maturity (YTM) of seven % shall be provided on the public sale.
The deadline for fee on curiosity (if any) is August 17, 2021, February 15, 2022, August 16, 2022 and February 14, 2023, whereas for fee on bonds – February 14, 2023.
PASHA Capital Funding Firm is an underwriter on issuing of the ministry’s state bonds.
It’s allowed to just accept non-competitive orders through the public sale, supplied that the bond difficulty doesn’t exceed 20 %. As well as, the issuer could not settle for these orders if the amount of orders issued by the public sale contributors for the acquisition of bonds is lower than 20 % of the amount of bonds issued by the issuer on the public sale.
If through the public sale the demand for presidency bonds exceeds the provision and the value is glad by the issuer, the amount of bonds provided by the issuer could also be elevated as much as 50 %.
For 2021, the Ministry of Finance plans to difficulty 17 million bonds, the quantity of which is estimated at 1.7 billion manat ($1 billion).
(1 USD = 1.7 AZN on Feb.14)
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