On October 31, 2023, AZ0201040109 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 55,000,000 AZN.

During the auction, 14 investors submitted 28 orders with a price interval of  92.6831 (10.4643%) manat and 98.7517 (7.6179%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 95.7947 (8.9765%) manats, and the average weighted price is 97.2252 (8.3128%) manats. The total amount of orders at the nominal price is 110,224,300 manats, and the placed volume is 82,500,000 manats.

The bonds mature on April 21, 2026.

Auction participants must fulfill their obligations on the purchase of bonds by November 1, 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.