On January 17, 2023, an auction was held at the Baku Stock Exchange for the placement of AZ0201040018 ISIN of the Ministry of Finance of the Republic of Azerbaijan, in the amount of 50 million manats, with a maturity of 728 days.

During the auction, 17 investors submitted 26 orders with a price interval of  89.6127 (11.9950%) manat and 96.3702(7.9999%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 94.1528 (9.27%) manats, and the average weighted price is 94.3533(9.1536%) manats. The total amount of orders at the nominal price is 136,285,200 manats, and the placed volume is 50 000 000 manats.

Auction participants must fulfill their obligations to purchase bonds by January 18, 2023 (T+1). The bonds mature on January 14, 2025.

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.