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

On November 14, 2023, AZ0201040281 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, 55 orders with a price interval of 94.7991 (8.8959%) manat and 97.6209 (7.3%) manat were submitted by 26 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 96.0165 (8.2%) manats, and the average weighted price is 96.3292 (8.023%) manats.

The total amount of orders at the nominal price was 247,308,700 manats, and the placed volume was 90,000,000 manats.

The maturity date of the bonds is 11.11.2025.

Auction participants must fulfill their obligations on the purchase of bonds by November 15, 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.