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

On April 23, 2024, an auction was held at the Baku Stock Exchange for the placement of AZ0101060058 ISIN of the Ministry of Finance of the Republic of Azerbaijan, in the amount of 120 million manats, with a maturity of 364 days, discounted government short-term bonds.

During the auction, 16 investors submitted 28 orders with a price interval of 91.8014 (8.98%) manat and 93.1458 (7.3991%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 92.4258 (8.24%) manat, and the average weighted price is 92.7248 (7.8892%) manat.

The total amount of orders at the nominal price is 72,140,000 manats, and the placed volume 53,868,600 manats were arranged.

The maturity date of the bonds is 22.04.2025.

Auction participants must fulfill their obligations on the purchase of bonds by April 24, 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.