An auction will be held for the placement of 728-day bonds of the Ministry of Finance

On December 19, 2023, the Baku Stock Exchange will hold an auction of Financial Market Couponed Government Mid-Year Bonds (DOI). The collection of orders during the auction will be organized from 10:00 to 11:00 in accordance with the trading regulations of BSE.

Information on bond issue parameters is given in the table below:

The state registration number

                                               AZ0201040323

Auction Volume

100 000 000 AZN

Face value 

100 АZN

Turnover period

728 days

Coupon payment dates 

    June 18, 2024, December 17, 2024

   June 17, 2025, December 16, 2025

Interest income

5.75%

The maturity date     

16.12.2025

Underwriter

Pasha Capital CJSC

         

During the auction, non-competitive orders are allowed, provided they do not exceed 20% of the bond issue.

In addition, if the volume of orders placed by auction participants for the purchase of bonds is lower than 20% of the volume of bonds auctioned by the Issuer, the Issuer may not accept these orders. If the demand for government bonds exceeds the offer during the auction and the price satisfies the Issuer, the amount of bonds offered by the Issuer can be increased up to 50 percent.

Those interested in participating in the auction can apply to investment companies that are members of the stock exchange. The contact details of the exchange members are placed in the "Members" section of the BSE website (www.bfb.az).