On August 8th, 2023, AZ0201040190 ISIN of the Ministry of Finance of the Republic of Azerbaijan, 90 mln. an auction was held for the placement of Government Medium-Term Bonds (MOBs) with a maturity of 1092 days in the amount of 90 mln AZN.

During the auction, 36 investors submitted 73 orders with a price interval of 87.9790  (11.88%) manat and 96.1002 (8.4999%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 94.8421 (9 %) manats, and the average weighted price is 95.4277 (8.7662%) manats. The total amount of orders at the nominal price was 399,425,500 manats, and the placed volume was 135,000,000 manats.

The bonds mature on August 4, 2026.

Auction participants must fulfill their obligations on the purchase of bonds by August 9, 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.