On May 2, 2023, an auction was held at the Baku Stock Exchange for the placement of AZ0201040117 ISIN of the Ministry of Finance of the Republic of Azerbaijan, in the amount of 30 million manats, with a maturity of 728 days.
During the auction, 18 investors submitted 37 orders with a price interval of 86.4511 (14%) manat and 98.5300 (6.7985%) manat.
According to the decision of the Ministry of Finance, the cut-off price of bonds is 98.0365 (7.07%) manats, and the average weighted price is 98.2028 (6.9783%) manats. The total amount of orders at the nominal price is 131,135,400 manats, and the placed volume is
45,000, 000 manats.
Auction participants must fulfill their obligations to purchase bonds by May 3, 2023 (T+1). The bonds mature on April 29, 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.
