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

On December 28, 2023, an auction was held at the Baku Stock Exchange for the placement of 364-day discounted government short-term bonds (ISIN AZ0101030127) of the Ministry of Finance of the Republic of Azerbaijan, in the amount of 150 million manats.

During the auction, 19 investors submitted 62 orders with a price interval of 91.5340  (9.2999%) manat and 94.5819 (5.76%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 94.3689 (5.9999%) manats, and the average weighted price is 94.3778 (5.9899%) manats.

The total amount of orders at the nominal price was 335,295,200 manats, and the placed volume was 137,700,000 manats.

The maturity date of the bonds is 26.12.2024.

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.