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

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

On February 27, 2024, AZ0201070056 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, 29 investors submitted 69 orders with a price interval 94.8421 (9.00%) manat and 101.1737 (6.5626%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds 95.5945 (8.70%)  and the average weighted price is 97.6405(7.8987%) manats. The total amount of orders at the nominal price is 107,878,700 manats, and the placed volume is 100,000,000 manats.

The bonds mature on January 26, 2027.

Auction participants must fulfill their obligations on the purchase of bonds by January 31, 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.