OREANDA-NEWS. August 26, 2011.   Today the Azerbaijani Ministry of Finance has conducted the 14th placement of this year’s issue of callable government bonds.

The Baku Stock Exchange (BSE) informs that on 26 August 2011 one investor submitted an order for AZN 3 million for purchase of 100% of callable government bonds issue with state registration number 10501433S (AZN 3 million).

The order was submitted at the price of 100% (4% per annum).

In accordance with the Ministry’s decision the order was satisfied at the cut-off price of the 100% par value. The issue was placed for AZN 3 million with yield of 4%.

Circulation period of the issue is 364 days and maturity date 24 August 2012.

The Ministry of Finance registered for 2011 an issue prospectus of callable government bonds for AZN 70 million. So far only 14 issues of callable bonds have been put for sale for AZN 42 million or 60% of the planned issue and raised AZN 37.49million (53.56% of target for 2011).

In 2010 the Ministry has put up for sale 24 issues of callable government bonds for AZN 100 million or 100% of the planned issue and raised AZN 61.58 million (61.5835% of target for 2010).

In 2009, the Finance Ministry raised AZN 51.15 million at the expense of 5 issues of callable government bonds.