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

On April 4, 2023, an auction was held at the Baku Stock Exchange for the placement of AZ0101030044 ISIN of the Ministry of Finance of the Republic of Azerbaijan, in the amount of 50 million manats, with a maturity of 364 days, discounted government short-term bonds.

During the auction, 60 orders with a price range of 90.9544 (9.9999%) manat and 94.8138 (5.5%) manat were submitted by 17 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 94.3689 (5.9999%) manat, and the average weighted price is 94.6327 (5.7029%) manat.

The total amount of orders at the nominal price was 219,363,717 manats, and the placed volume was 75,000,000 manats.

The maturity date of the bonds is 02.04.2024.

Auction participants must fulfill their obligations on the purchase of bonds by April 5, 2023.