On September 5, 2023, an auction was held at the Baku Stock Exchange for the placement of AZ0101030077 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, 28 orders with a price interval of 87.7784 (13.9999%) manat and 94.7602 (5.56%) manat were submitted by 12 investors.
According to the decision of the Ministry of Finance, the cut-off price of bonds is 93.3179 (7.2%) manats, and the average weighted price is 94.1379 (6.2614%) manats.
The total amount of orders at the nominal price was 226,581,200 manats, and the placed volume was 105,000,000 manats.
The maturity date of the bonds is 03.09.2024.
Auction participants must fulfill their obligations on the purchase of bonds by September 6, 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.
