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

On March 29, 2024, AZ0201070080 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 with a maturity of 728 days .

During the auction, 21 orders with a price interval of 95.0600 (8.7458%) manat and 97.2614 (7.50%) manat were submitted by 41 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds 96.3701 (8.00%) manat and the average weighted price are 96.5045 (7.9242%) manats.

The total amount of orders at the nominal price was 221,373,100 manats, and the placed volume was 86,078,000 manats.

The maturity date of the bonds is 27.03.2026.

Auction participants must fulfill their obligations on the purchase of bonds by 1 April , 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.