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

On October 10, 2023, AZ0201040257 ISIN of the Ministry of Finance of the Republic of Azerbaijan at the Baku Stock Exchange, 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 AZN.

During the auction, 25 investors submitted 63 orders with a price interval of 92.3864 (10%) manat and 97.4333 (7.9789%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 95.8722 (8.59%) manats, and the average weighted price is 96.8022 (8.2245%) manats. The total amount of orders at the nominal price is 170,658,300 manats, and the placed volume is 90,000,000 manats.

The bonds mature on October 6, 2026.

Auction participants must fulfill their obligations on the purchase of bonds by October 11, 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.