On October 3, 2023, an auction was held at the Baku Stock Exchange for the placement of AZ0101030085 ISIN of the Ministry of Finance of the Republic of Azerbaijan, in the amount of 80 million manats, with a maturity of 364 days, discounted government short-term bonds.
During the auction, 27 orders with a price interval of 92.1942 (8.5133%) manat and 94.0247(6.39%) manat were submitted by 13 investors.
According to the decision of the Ministry of Finance, the cut-off price of bonds is 92.6387 (7.99%) manats, and the average weighted price is 92.9635 (7.6108%) manats.
The total amount of orders at the nominal price was 247,895,600 manats, and the placed volume was 80,000,000 manats.
The maturity date of the bonds is 01.10.2024.
Auction participants must fulfill their obligations on the purchase of bonds by October 4, 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.
