Demand exceeds supply 3-fold at auction of government bonds placement

Baku. 3 February. REPORT.AZ/ Auction on placement of short-term government bonds of the Ministry of Finance worth 15 mln AZN with the ISIN number AZ0104001547 with circulation period of 364 days was carried out at Baku Stock Exchange, Report was informed in the BSE.

21 orders were submitted by 9 investors and total volume of all orders were 41 647 200 AZN at face value.

The orders were submitted in price ranges 80,09 AZN (25,1349%) and 86,3 AZN (16,0507%).

The Ministry of Finance set the cut off price in the amount 84,4604 AZN (18,6025%) and the weighted average price in the amount of 84,6451 AZN (18,3413%).

Calculations on concluded transactions will be carried out on February 6 (t+1) The volume of T-bills realized at face value was 15 000 000 AZN. The maturity date of T-bills is 02.02.2018.