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

On August 22, 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 (remaining 973) days in the amount of AZN.

During the auction, 31 investors submitted 67 orders with a price interval of 91.1322 (11.502%) manat and 99.9229 (7.901%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 98.4393 (8.48%) manats, and the average weighted price is 98.9624(8.2746%) manats. The total amount of orders at the nominal price was 216,233,700 manats, and the placed volume was 82,500,000 manats.

The bonds mature on April 21, 2026.

Auction participants must fulfill their obligations on the purchase of bonds by August 23, 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.