Azerbaijan's Ministry of Finance sells government bonds for 20 million manats and $12 million

Yesterday the Ministry of Finance of Azerbaijan successfully organized auctions for sale of government bonds for 20 million manats and $12 million, the agency reported.

"Investors purchased bonds for 5 million manats with a circulation period of 182 days, and a yield of 7.79% per annum; for 15 million manats with a circulation period of 364 days, and a yield of 8.8%; for $7 million with a circulation period  of 364 days and a yield of 2.77%; for $5 million with a circulation period of 728 days and a yield of 3.02%," Interfax-Azerbaijan quotes the message of the Ministry.