On December 29, 2022, an auction was held at the Baku Stock Exchange for the placement of AZ0104102014 ISIN of the Ministry of Finance of the Republic of Azerbaijan, in the amount of 500 million manats, with a maturity of 306 days.

During the auction, 24 investors submitted 44 orders with a price interval of 89.0000 (14.7909%) manat and 96.3760 (4.4999%) manat.

         According to the decision of the Ministry of Finance, the cut-off price of bonds is 96.376 (4.4999%) manats, and the average weighted price is 96.3760(4.4999%) manats.

         The total amount of orders at the nominal price was 683,127,100 manats, and the placed volume was 500,000,000 manats.

         The maturity date of the bonds is 31.10.2023.

         Auction participants must fulfill their obligations on the purchase of bonds by December 30, 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.