On September 27, 2022, an auction was held at the Baku Stock Exchange for the placement of government medium-term bonds AZ0106017947 ISIN of the Ministry of Finance of the Republic of Azerbaijan in the amount of AZN 30 million with a circulation period of 1092 days (effective days 1001)
During the auction, 30 orders with a price range of 96.3273 manats (6.8429%) and 99.2378 manats (5.7396%) were submitted by 16 investors.
According to the decision of the Ministry of Finance, the cut-off price of bonds is 97.0448 manats (6.5671%), the average weighted price is 97.9445 manats (6.2249%). The total amount of orders at the nominal price was 87,384,400 manats, and the placed volume was 45,000,000 manats.
The bonds mature on June 24, 2025.
Auction participants must fulfill their obligations on the purchase of bonds by September 28, 2022.
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.
