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

AZ0201040083 ISIN of the Ministry of Finance of the Republic of Azerbaijan on the Baku Stock Exchange on April 11, 2023, 40 mln. an auction was held for the placement of Government Medium-Term Bonds (MOBs) with a maturity of 1092 days in the amount of AZN.

During the auction, 74 orders with a price interval of 83.3171 (14%) manat and 98.0261 (7.75%) manat were submitted by 25 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 95.4686 (8.75%) manats, and the average weighted price is 96.4273 (8.3713%) manats. The total amount of orders at the nominal price is 181,719,300 manats, and the placed volume is 60,000,000 manats.

The bonds mature on April 7, 2026.

Auction participants must fulfill their obligations on the purchase of bonds by April 12, 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.