ISIN news update courtesy of ABC.AZ. Issuers of government debt and/or corporate securities may further publicize new issuance and or secondary placement transactions through ISIN.net.
Baku, Fineko/abc.az. The state medium-term bonds (SMTBs) of the Azerbaijani Ministry of Finance remain the most sold papers.
However, yesterday transactions on them at the Baku Stock Exchange have been held for the first time since 17 October and the overall demand totaled only 48.46% of the general placement (AZN 13 million).
The BSE informs that on 28 November two BSE member submitted the orders for AZN 6.3 million to purchase 70% of the SMTBs offered for the auction with ISIN-code AZ0106028449, issued for AZN 9 million at par value.
The orders were submitted at the price of 100% of bond par value. Under the MoF’s decision, the bonds were satisfied at the price of 100% of SMTB par value (yield 4.25%). As a result, the bonds with ISIN-code AZ0106028449 were sold for AZN 6.3 million with yield of 4.25%. The maturity date of the bonds with this ISIN and 1,092 -day turnover period is 29 October 2017.
Besides, yesterday the Ministry planned to sell the bonds with ISIN-code AZ0105027442 (AZN 4 million for 728 days with rate of 3.75%). No information on their placement was reported.
This year, the MoF plans to issue SMTBs for AZN 200 million at par value. It has been set out bonds for AZN 174 million for the held auctions that allowed raising AZN 44.7 million.
The SMTBs that were placed the 3rd, 5th, 7th-9th, 11th, 13th, 15th-17th, 20th-21st, 24-27th did not find the demand at the primary market.
Last year 17 out of 34 auctions on SMTBs proved fruitless. With the issue for AZN 184 million the Ministry of Finance raised only AZN 83.8 bn.
In 2012 the Ministry planned the SMTBs for AZN 20 million at par value and from their placement the Ministry raised AZN 18.998 million through 15 efficient auctions.
The price of 100.87% suggested during placement on 30 November 2012 still remains the record price suggested ever for medium-term bonds of the Finance Ministry.