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

AZ0201040026 ISIN of the Ministry of Finance of the Republic of Azerbaijan on the Baku Stock Exchange on January 31, 2023, 50 mln. an auction was held for the placement of government medium-term bonds (MOBs) with a circulation period of 1092 days in the amount of AZN.

During the auction, 36 orders with a price interval of 86.60 (12.4923%) manat and 94.8421 (9%) manat were submitted by 22 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 92.4106 (9.99%) manats, and the average weighted price is 93.0604 (9.7223%) manats. The total amount of orders at the nominal price is 149,784,700 manats, and the placed volume is 50,000,000 manats.

The maturity date of the bonds is January 27, 2026.

Auction participants must fulfill their obligations on the purchase of bonds by February 1, 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.