Finance Ministry to Place State Bonds of AZN 115 Million in November
2017 November 03 ( Friday ) 14:28:13
Baku / 03.11.17 / Turan: The Ministry of Finance announced the plan of placement of government bonds for November, according to which an auction on attracting AZN 45 million was set for November 7.
In November, the Ministry of Finance intends to place government bonds for a total of 115 million manat, which is 35 million manat more than in the previous month. Discount bonds with circulation period of 364 days are put on the first auction. At the second auction, it is planned to sell three-year bonds worth 10 million manat.
This year, the Ministry of Finance has issued bonds for a total of 700 million manat to cover the state budget deficit. In 2018, it is planned to raise funds in the same amount for this purpose in the local market. -----08D--