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

On December 21, 2023, AZ0201040315 ISIN of the Ministry of Finance of the Republic of Azerbaijan at the Baku Stock Exchange, 150 mln. AZN an auction was held for the placement of Government Medium-Term Bonds (MOBs) with a maturity of 1092 days

During the auction, 10 investors submitted 21 orders with a price interval 85.2480 (12%) manat and 99.1914 (6.3%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds and the average weighted price is 99.1914 (6.3%) manats. The total amount of orders at the nominal price is 258,030,400 manats, and the placed volume is 207,193,900 manats.

The bonds mature on December 17, 2026.

Auction participants must fulfill their obligations on the purchase of bonds by December 22, 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.