Azerbaijan's Finance Ministry to auction manat bonds

An auction for placement of 30 million manats worth medium-term bonds of Azerbaijanchr("39")s Ministry of Finance will be held at the Baku Stock Exchange (BSE) on Dec. 25, Trend reports referring to BSE.

Some 300,000 bonds at a par value of 100 manats each and a maturity period of 1,092 days will be put up for auction.

The maturity date for the bonds is Dec. 21, 2021. The interest rate on the bonds is nine percent.

Azerbaijani investment company PASHA Capital is the underwriter of the issuance.

(1.7 manats = $1 on Dec. 21)