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

On December 19, 2023, AZ0201040323 ISIN of the Ministry of Finance of the Republic of Azerbaijan at the Baku Stock Exchange, 100 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, 34 orders with a price interval of 92.9072 (9.7383%) manat and 99.3317  (6.11%) manat were submitted by 18 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds and the average weighted price are 99.3317 (6.11%) manats.

The total amount of orders at the nominal price was 166,410,100 manats, and the placed volume was 100,672,700 manats.

The maturity date of the bonds is 16.12.2025.

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.