On October 11, 2022, AZ0106028944 ISIN of the Ministry of Finance of the Republic of Azerbaijan, 50 mln. an auction was held for the placement of government medium-term bonds (MOBs) with a circulation period of 1092 days in the amount of AZN.
During the auction, 31 orders with a price range of 90.9249 manat (8.4900%) and 95.1885 manat (6.800) were submitted by 19 investors.
According to the decision of the Ministry of Finance, the cut-off price of bonds is 93.3936 manat (7.500%), the average weighted price is 93.6116 manat(7.4141%). The total amount of orders at the nominal price was 171,171,300 manats, and the placed volume was 50,000,000 manats.
The bonds mature on October 7, 2025.
Auction participants must fulfill their obligations on the purchase of bonds by October 12, 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.
