On April 30, 2024, the Baku Stock Exchange will hold an auction of 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

                                               AZ0201070114

Auction Volume

120 000 000 AZN

Face value 

100 АZN

Turnover period

1092 days

Coupon payment dates 

 October 29, 2024,  April 29, 2025

October 28 2025,  April 28, 2026

October 27 2026,  April 27, 2027

Interest income

6.5%

The maturity date     

27.04.2027

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).