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

On November 7, 2023, AZ0201040273 ISIN of the Ministry of Finance of the Republic of Azerbaijan at the Baku Stock Exchange, 90 mln. AZN an auction was held for the placement of Government Medium-Term Bonds (MOBs) with a maturity of 1092 days

During the auction, 22 investors submitted 54 orders with a price interval 87.7066 (12%) manat and 97.6371 (7.9%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 96.2271  (8.45%) manats, and the average weighted price is 96.4876 (8.3476%) manats. The total amount of orders at the nominal price is 216,778,300 manats, and the placed volume is 90,000,000 manats.

The bonds mature on November 3, 2026.

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