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

On June 6, 2023, an auction was held at the Baku Stock Exchange for the placement of AZ0101030051 ISIN of the Ministry of Finance of the Republic of Azerbaijan, in the amount of 40 million manats, with a maturity of 364 days, discounted government short-term bonds.

During the auction, 38 orders with a price range of 90.2199 (10.9 %) manat and 94.8138 (5.5%) manat were submitted by 15 investors.

 According to the decision of the Ministry of Finance, the cut-off price of bonds is 93.9369 (6.49%) manat, and the average weighted price is 94.1762 (6.2180%) manat.

The total amount of orders at the nominal price was 164,173,900 manats, and the placed volume was 60,000,000 manats.

The maturity date of the bonds is 04.06.2024.

Auction participants must fulfill their obligations on the purchase of bonds by June 7, 2023.