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

On 14 March 2023, AZ0201040067 ISIN of the Ministry of Finance of the Republic of Azerbaijan, 40 million AZN were auctioned on the placement of AZN 1092-day government medium-term bonds

During the auction, 60 orders with a price interval of 83.3171 (14%) manat and 95.3428  (8.8%) manat were submitted by 28 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 93.9982 (9.34%) manats, and the average weighted price is 94.5723 (9.1083%) manats. The total amount of orders at the nominal price is 142,226,500 manats, and the placed volume is 40,000,000 manats.

The maturity date of the bonds is March 10, 2026.

Auction participants must fulfill their obligations on the purchase of bonds by March 15, 2023.

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.