OREANDA-NEWS. April 15, 2011. The Azerbaijani Ministry of Finance has placed state medium-term bonds for the second time in 2011.

The Baku Stock Exchange informs that on 15 April the two investors submitted the orders for purchase of the SMTBs issue with state registration number 10800232S.The volume of the orders totaled AZN 2.990 million or 149.5% of the announced volume of the issue (AZN 2 million). The offered price fluctuated in the range of 100.1% of the face value of SMTBs up to 100.04% .Under the MoF’s decision, the orders were satisfied in the amount of AZN 2 million with meeting the non-competitive orders for AZN 314.200. The maturity date of the issue with circulation period of 1,092 days is 12 April 2013.

The Finance Ministry plans issue of SMTBs for AZN 30 million at par value in 2011. It has already placed two issues for AZN 4 million for sales and raised only AZN 4 million or 13.3% of target for 2011.

The Ministry planned issue of SMTBs for AZN 100 million in 2010, but raised only AZN 13.49 million by placement of the six successful issues.