On December 20, 2022, an auction was held at the Baku Stock Exchange for the placement of AZ0106001990 ISIN of the Ministry of Finance of the Republic of Azerbaijan, in the amount of 150 million manats, with a maturity of 1092 days.

During the auction, 35 orders with a price interval of 80.6359 (13.000%) manat and 92.500 (7.8546%) manat were submitted by 22 investors.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 87.3107 (10%) manat, and the average weighted price is 90.1253(8.8177%) manat. The total amount of orders at the nominal price is 166,428,200 manats, and the placed volume is 150,000,000 manats.

The bonds mature on December 16, 2025.

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.