Yields on government bonds grew by 17% in Azerbaijan

Yields on government bonds grew by 17% in Azerbaijan At the last auction volume of applications amounted to 39.746 mln AZN, the proposal - 15 mln AZN
Finance
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March 2, 2016 12:07
Yields on government bonds grew by 17% in Azerbaijan

Baku. 2 March. REPORT.AZ/ On March 1, Baku Stock Exchange (BSE) held an auction on placement of short-term government Treasury bonds in a volume of 15 mln AZN with a maturity of 91 days.

Report was told in the press service of the BSE.

In order to form bond yields in the market based on supply and demand, the first time the issuer has not set a price limit (YTM) on request.

At the same time, the regime introduced T + 1 (conduct calculations in the following date after the bidding), without requiring the prior transfer of investors to the account of funds for participation in the auction.

11 bids from six investors received during the auction.The total nominal value of applications is estimated at 39,745,500 AZN.Applications submitted in price range from 95.77 AZN (yield - 17.7644%) and 97.60 AZN (yield - 9.8901%). 

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