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

On March 7, 2023, an auction was held at the Baku Stock Exchange for the placement of AZ0101030036 ISIN of the Ministry of Finance of the Republic of Azerbaijan, in the amount of 70 million manats, with a maturity of 364 days, discounted government short-term bonds.

During the auction, 27 investors submitted 64 orders with a price interval of 89.3644 (12%) manat and 93.9613 (6.48%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 93.8930 (6.5581%) manat, and the average weighted price is 93.9302 (6.5155%) manat.

The total amount of orders at the nominal price was 273,953,300 manats, and the placed volume was 70,000,000 manats.

The maturity date of the bonds is 05.03.2024.

Auction participants must fulfill their obligations on the purchase of bonds by March 9, 2023.