On December 27, 2022, an auction was held at the Baku Stock Exchange for the placement of AZ0105003997 ISIN of the Ministry of Finance of the Republic of Azerbaijan, in the amount of 200 million manats, with a maturity of 728 days.

During the auction, 23 investors submitted 40 orders with a price interval of  78.2700 (17.900%) manat and 95.1773 (7.1300%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 90.2652 (9.9900%) manats, and the average weighted price is 91.4869 (9.2604%) manats. The total amount of orders at the nominal price is 137 462 100 manats, and the placed volume is 60 000 000 manats.

Auction participants must fulfill their obligations to purchase bonds by December 28, 2022 (T+1). The bonds mature on December 24, 2024.

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.