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

On April 9, 2024, AZ0201070098 ISIN of the Ministry of Finance of the Republic of Azerbaijan at the Baku Stock Exchange, 120 mln. AZN an auction was held for the placement of government medium-term bonds with a maturity of 1092 days .

During the auction, 24 orders with a price interval of 92.3496 (9.4899%) manat and 97.1497 (7.58%) manat were submitted by 46 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds 95.9406  (8.05%) manat and the average weighted price are 96.0468 (8.0084%) manats.

The total amount of orders at the nominal price was 194,915,500 manats, and the placed volume was 91,283,400 manats.

The maturity date of the bonds is 06.04.2027.

Auction participants must fulfill their obligations on the purchase of bonds by 15 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.