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

On December 12, 2023, AZ0201040315 ISIN of the Ministry of Finance of the Republic of Azerbaijan at the Baku Stock Exchange, 100 mln. AZN an auction was held for the placement of Government Medium-Term Bonds (MOBs) with a maturity of 1092 days

During the auction, 21 investors submitted 60 orders with a price interval 89.8961(9.98%) manat and 99.4600(6.2%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds and the average weighted price is 99.4600 (6.2%) manats. The total amount of orders at the nominal price is 362,520,200 manats, and the placed volume is 150,000,000 manats.

The bonds mature on December 8, 2026.

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