On June 13, 2023, AZ0201040141 ISIN of the Ministry of Finance of the Republic of Azerbaijan, 50 mln. an auction was held for the placement of government medium-term bonds (DOI) with a coupon of 1820 days in the amount of AZN.
During the auction, 21 investors submitted 40 orders with a price range of 74.2881 (14.99%) manat and 94.8500 (8.7951%) manat.
According to the decision of the Ministry of Finance, the cut-off price of bonds is 89.8058 (10.15%) manats, and the average weighted price is 91.4972 (9.6855%) manats. The total amount of orders at the nominal price is 118,082,900 manats, and the placed volume is 50,000,000 manats.
Auction participants must fulfill their obligations to purchase bonds by June 14, 2023 (T+1). The bonds mature on June 6, 2028.
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.
