On February 21, 2023, an auction was held at the Baku Stock Exchange for the placement of AZ0201040042 ISIN of the Ministry of Finance of the Republic of Azerbaijan, in the amount of 40 million manats, with a maturity of 728 days.

During the auction, 26 investors submitted 50 orders with a price interval of 91.2371 manats (11%) manat and 95.4017 (8.5500%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 94.3595 (9.15%)manats, and the average weighted price is 94.5573 (9.0354%) manats. The total amount of orders at the nominal price is 144,644,300 manats, and the placed volume is 47,051,500 manats.

Auction participants must fulfill their obligations to purchase bonds by February 22, 2023 (T+1). The bonds mature on February 18, 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.