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Azerbaijan’s Finance Ministry to auction manat bonds

13 November 2017 17:35 (UTC+04:00)
Azerbaijan’s Finance Ministry to auction manat bonds

By Trend

An auction for placement of five million manats worth medium-term bonds of Azerbaijan’s Ministry of Finance will be held at the Baku Stock Exchange (BSE) November 14, the BSE said on November 13.

Some 100,000 bonds at a par value of 100 manats each and maturity period of 1,092 days will be put up for auction.

Azerbaijani investment company PASHA Capital is the underwriter of the issuance.

(1.7002 manats = $1 on November 13)

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