AZ0201040216 ISIN of the Ministry of Finance of the Republic of Azerbaijan on the Baku Stock Exchange on August 29, 2023, 40 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, 33 investors submitted 74 orders with a price interval of 83.3171 (14%) manat and 97.3800 (7.9995%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds was 96.4051 (8.38%) manats, and the average weighted price was 96.7159 (8.2582%) manats. The total amount of orders at the nominal price is 198,840,500 manats, and the placed volume is 60,000,000 manats.

The bonds mature on August 25, 2026.

Auction participants must fulfill their obligations to purchase bonds by August 30, 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.