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

On April 2, 2024, an auction was held at the Baku Stock Exchange for the placement of 364-day discounted government short-term bonds (ISIN AZ0101060041 of the Ministry of Finance of the Republic of Azerbaijan, in the amount of 120 million manats.

During the auction, 18 investors submitted 27 orders with a price interval of 92.5875  (8.05%) manat and 93.5088 (6.98%) manat.

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 93.2583 (7.2688%) manats.

The total amount of orders at the nominal price was 166,610,100 manats, and the placed volume was 78,066,400 manats.

The maturity date of the bonds is 01.04.2025

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.