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

AZ0201040232 ISIN of the Ministry of Finance of the Republic of Azerbaijan on the Baku Stock Exchange on September 12, 2023, 80 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, 26 investors submitted 59 orders with a price interval of 92.3864  (10%) manat and 97.8963  (7.8%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds was 96.4057 (8.3798%) manats, and the average weighted price was 96.9739 (8.1574%) manats. The total amount of orders at the nominal price is 212,250,300 manats, and the placed volume is 120,000,000 manats.

The bonds mature on September 8, 2026.

Auction participants must fulfill their obligations to purchase bonds by September 13, 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.