On February 14th, 2023, the Baku Stock Exchange will hold an auction for the State Medium-Term Bonds (MOBs) of the Ministry of Finance. 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
Auction Volume
40 000 000 AZN
Face value 
100 АZN
Turnover period
1092 days
Coupon payment dates 
    August 15, 2023, February 13, 2024
    August 13, 2024, February 11, 2025
    August 12, 2025, February 10, 2026
Interest income
The maturity date     
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).