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

On January 24, 2023, an auction was held at the Baku Stock Exchange for the placement of 50 million manat government short-term bonds with a maturity of 364 days, ISIN AZ0101030010 of the Ministry of Finance of the Republic of Azerbaijan.

During the auction, 37 orders with a price range of 91.3015 (9.5797%) manat and 94.9033 (5.4%) manat were submitted by 20 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 92.6985 (7.92%) manat, and the average weighted price is 93.0251 (7.5391%) manat.

The total amount of orders at the nominal price is 167,433,000 manats, and the placed volume

50,000,000 manats were arranged.

The maturity date of the bonds is 23.01.2024.

Auction participants must fulfill their obligations on the purchase of bonds by January 25, 2023.