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

On October 17, 2023, AZ0201040265 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 728 days in the amount of AZN.

During the auction, 25 investors submitted 48 orders with a price interval of 89.6046 (12%) manat and 97.2615 (7.4999%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 95.6645 (8.4%) manat, and the average weighted price is 95.9785 (8.2215%) manat.

The total amount of orders at the nominal price was 211,434,300 manats, and the placed volume was 135,000,000 manats.

The maturity date of the bonds is 14.10.2025.

Auction participants must fulfill their obligations on the purchase of bonds by October 18, 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.