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

AZ0201040109 ISIN of the Ministry of Finance of the Republic of Azerbaijan on the Baku Stock Exchange on September 26, 2023, 55 mln. AZN an auction was held for the placement of Government Medium-Term Bonds (MOBs) with a maturity of 1092 days (938 remaining days)

During the auction, 23 investors submitted 43 orders with a price interval of 96.5083 (9.5234%) manat and 101.5843 (7.5213%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds was 100.2277 (8.0437%) manats, and the average weighted price was 100.6856  (7.8664%) manats. The total amount of orders at the nominal price is 55,000,000 manats, and the placed volume is 55,000,000  manats.

The bonds mature on April 21, 2026.

Auction participants must fulfill their obligations to purchase bonds by September 27, 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.