On November 1, 2022, AZ0108030948 ISIN of the Ministry of Finance of the Republic of Azerbaijan, 20 mln. an auction was held for the placement of government medium-term bonds (MOBs) with a circulation period of 1820 days in the amount of AZN.

During the auction, 16 orders with a price interval of 83.8628 (10.2%) manat and 88.2420 (8.9697%) manat were submitted by 10 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 86.3213 (9.5%) manats, and the average weighted price is 86.9708 (9.3191%) manats. The total amount of orders at the nominal price is 48,351,000 manats, and the placed volume is 20,000,000 manats.

The bonds mature on October 26, 2027.

Auction participants must fulfill their obligations on the purchase of bonds by November 2, 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.