An auction was held for placement of 728-day bonds of the Ministry of Finance

AZ0201040224 ISIN of the Ministry of Finance of the Republic of Azerbaijan at the Baku Stock Exchange on September 5, 2023, 65 mln. an auction was held for the placement of government medium-term bonds (MOBs) with a maturity of 728 days in the amount of AZN.

During the auction, 54 orders with a price interval of 86.4511 (14%) manat and 98.2179 (6.97%) manat were submitted by 25 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 96.3702 (7.9999%) manats, and the average weighted price is 97.2933 (7.4822%) manats.

The total amount of orders at the nominal price was 224,335,400 manats, and the placed volume was 97,500,000 manats.

The maturity date of the bonds is 02.09.2025.

Auction participants must fulfill their obligations on the purchase of bonds by September 6, 2023.

Note: The volume of bonds offered by the Issuer can be increased up to 50 percent if the demand for government bonds exceeds the offer during the auction and the price satisfies the Issuer.