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

On April 16, 2024, AZ0201070106 ISIN of the Ministry of Finance of the Republic of Azerbaijan at the Baku Stock Exchange, 90 mln. AZN an auction was held for the placement of government medium-term bonds with a maturity of 728 days .

During the auction, 31 orders with a price interval of 94.6360(8.99%) manat and 96.9036 (7.70%) manat were submitted by 18 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds 95.5768  (8.45%) manat and the average weighted price are 96.2530 (8.0661%) manats.

The total amount of orders at the nominal price was 93,583,000 manats, and the placed volume was 45,452,800 manats.

The maturity date of the bonds is 14.04.2026.

Auction participants must fulfill their obligations on the purchase of bonds by 17 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.