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

On 14 February 2023, AZ0201040034 ISIN of the Ministry of Finance of the Republic of Azerbaijan, 40 million AZN were auctioned on the placement of AZN 1092-day government medium-term bonds

During the auction, 40 orders with a price interval of 87.752(11.98%) manat and 94.854 (8.9952%) manat were submitted by 17 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 92.4106 (9.99%) manats, and the average weighted price is 92.7133 (9.865%) manats. The total amount of orders at the nominal price is 120,730,500 manats, and the placed volume is 60,000,000 manats.

The maturity date of the bonds is Febuary 10, 2026.

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