On December 20, 2022, an auction was held at the Baku Stock Exchange for the placement of AZ0104001984 ISIN of the Ministry of Finance of the Republic of Azerbaijan, in the amount of 200 million manats, with a maturity of 364 days.

During the auction, 14 investors submitted 28 orders with a price interval of 88.5514(12.9999%) manat and 95.8989(4.3%) manat.

         According to the decision of the Ministry of Finance, the cut-off price of bonds is 93.2746 (7.25%) manats, and the average weighted price is 94.3425(6.0298%) manats.

         The total amount of orders at the nominal price was 213,415,500 manats, and the placed volume was 200,000,000 manats.

         The maturity date of the bonds is 19.11.2023.

         Auction participants must fulfill their obligations on the purchase of bonds by December 21, 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.