An auction was held for the placement of 364-day bonds of the Ministry of Finance

On November 21, 2023, an auction was held at the Baku Stock Exchange for the placement of 364-day discounted government short-term bonds (ISIN AZ0101030101) of the Ministry of Finance of the Republic of Azerbaijan, in the amount of 90 million manats.

During the auction, 20 investors submitted 48 orders with a price interval of 89.3382 (11.9999%) manat and 93.1623(7.3799%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 92.5875(8.05%) manats, and the average weighted price is 92.6870(7.9334%) manats.

The total amount of orders at the nominal price was 240,321,700 manats, and the placed volume was 135,000,000 manats.

 The maturity date of the bonds is 19.11.2024.

Auction participants must fulfill their obligations on the purchase of bonds by November 22, 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.