AZ0201040166 ISIN of the Ministry of Finance of the Republic of Azerbaijan at the Baku Stock Exchange on July 4, 2023, 60 mln. an auction was held for the placement of Government Medium-Term Bonds (MOBs) with a maturity of 1092 days in the amount of AZN.

During the auction, 56 orders with a price interval of 83.3383 (13.99%) manat and 96.7369 (8.25%) manat were submitted by 24 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 92.6284 (9.9%) manats, and the average weighted price is 94.2861 (9.2236%) manats. The total amount of orders at the nominal price is 177,924,100 manats, and the placed volume is 90,000,000 manats.

The bonds mature on June 30, 2026.

Auction participants must fulfill their obligations on the purchase of bonds by July 5, 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.