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

On June 24, 2023, AZ0201040109 ISIN of the Ministry of Finance of the Republic of Azerbaijan, 55 mln. an auction was held for the placement of Government Medium-Term Bonds (MOBs) with a maturity of 1092 days (1032 remaining days) in the amount of AZN.

During the auction, 73 orders with a price interval of 89.4533 (11.7394%) manat and 97.9000 (8.2463%) manat were submitted by 23 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds was 95.5954 (9.1609%) manats, and the average weighted price was 96.4364 (8.824%) manats. The total amount of orders at the nominal price is 186,638,000 manats, and the placed volume is 55,000,000 manats.

The bonds mature on April 21, 2026.

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