On May 23, 2023, AZ0201040133 ISIN of the Ministry of Finance of the Republic of Azerbaijan, 30 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, 45 orders with a price interval of 86.4511 (14%) manat and 98.7100 (6.6999%) manat were submitted by 14 investors.
According to the decision of the Ministry of Finance, the cut-off price of bonds is 97.6209 (7.3%) manats, and the average weighted price is 97.8210 (7.1891%) manats. The total amount of orders at the nominal price was 133,661,200 manats, and the placed volume was 45,000,000 manats.
Auction participants must fulfill their obligations to purchase bonds by May 24, 2023 (T+1). The maturity date of the bonds is May 20, 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.
