An auction was held for placement of bonds of the Ministry of Finance
On March 5, 2024, AZ0201070064 ISIN of the Ministry of Finance of the Republic of Azerbaijan at the Baku Stock Exchange, 150 mln. an auction was held for the placement of government medium-term bonds with a maturity of 728 days in the amount of AZN.
During the auction, 25 orders with a price interval of 94.80 (8.8953%) manat and 97.2614 (7.5%) manat were submitted by 53 investors.
According to the decision of the Ministry of Finance, the cut-off price of bonds 96.3701 (8%) manat and the average weighted price are 96.6203(7.8590%) manats.
The total amount of orders at the nominal price was 385,121,200 manats, and the placed volume was 225,000,000 manats.
The maturity date of the bonds is 03.03.2026.
Auction participants must fulfill their obligations on the purchase of bonds by 6 March , 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.
