On October 19, 2023, an auction was held at the Baku Stock Exchange for the placement of 20 million manat notes with a circulation period of 252 days under the state registration number AZ2177024703 of the Central Bank of the Republic of Azerbaijan (ARMB).

During the auction, 5 orders with a price interval of 9,345.7944 (10%) manat and 9,452.1532 (8.28%) manat were submitted by 5 investors. The total amount of the orders at the nominal price was 36,610,000 manats.

According to the decision of ARMB, the cut-off price and the average weighted price of the notes were determined as 9,452.1532 (8.28%) manats.

As a result of the auction, the placed volume of notes was 20,000,000 manats.

The maturity date of the notes is 27.06.2024.