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

On February 20, 2024, AZ0201070049 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, 23 orders with a price interval of 94.6187 (9%) manat and 100.00 (6%) manat were submitted by 40 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 96.6545 (7.8398%) manats, and the average weighted price are 97.9660 (7.1089%) manats.

The total amount of orders at the nominal price was 269,811,200 manats, and the placed volume was 90,000,000 manats.

The maturity date of the bonds is 17.02.2026.

Auction participants must fulfill their obligations on the purchase of bonds by February 21, 2024.

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.