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

On August 1, 2023, an auction was held at the Baku Stock Exchange for the placement of AZ0101030069 ISIN of the Ministry of Finance of the Republic of Azerbaijan, in the amount of 50 million manats, with a maturity of 364 days, discounted government short-term bonds.

During the auction, 23 orders with a price interval of 92.1857 (8.5233%) manat and 94.4752 (5.8801%) manat were submitted by 13 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 93.5088 (6.98%) manat, and the average weighted price is 93.9258 (6.5026%) manat.

The total amount of orders at the nominal price was 143,487,200 manats, and the placed volume was 75,000,000 manats.

The maturity date of the bonds is 30.07.2024.

Auction participants must fulfill their obligations on the purchase of bonds by August 2, 2023.