OREANDA-NEWS. October 28, 2011. The Azerbaijani Ministry of Finance has placed state medium-term bonds for the ninth time in 2011.

The Baku Stock Exchange informs that on 28 October one investor submitted an order for purchase of the SMTBs issue with state registration number 10801132S. The volume of the order totaled AZN 2 million or 100% of the announced volume of the issue (AZN 2 million). The offered price made up 100% of the face value of SMTBs.

Under the MoF’s decision, the order was satisfied at the price of 100% in the amount of AZN 2 million (yield: 5%).

The maturity date of the issue with circulation period of 1082 days is 24 October 2014.

The Finance Ministry plans issue of SMTBs for AZN 30 million at par value in 2011. It has already placed 12 issues for AZN 24 million for sales and raised also AZN 16.78 million or 55.9% 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.