Azerbaijani Ministry of Finance Placed 3rd Issue of Callable Bonds
OREANDA-NEWS. February 11, 2010. The Baku Stock Exchange (BSE) informs that three investors submitted the orders for AZN 6.5 million for purchase of 162.5% of callable government bonds issue with state registration number 10500328S (AZN 4 million).
The orders were submitted at the price of 100% of face value (3.75% per annum) and were satisfied for AZN 4 million. Circulation period of the issue is 364 days and maturity date 8 February 2011.
The Ministry of Finance registered issue prospectus of callable government bonds for AZN 100 million for 2010 as well as last year, when their issue was started.
Up to date the Ministry has set out for sales in 2010 three issues for AZN 12 million or 12% of the planned issue and raised AZN 11.6 million (11.6% of target for 2010).
In 2009, the Finance Ministry raised AZN 51.15 million at the expense of 5 issues of callable government bonds.
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