On June 20, 2023, an auction was held at the Baku Stock Exchange for the placement of AZ0201040158 ISIN of the Ministry of Finance of the Republic of Azerbaijan, in the amount of 60 million manats, with a maturity of 728 days.
During the auction, 20 investors submitted 51 orders with a price interval of 92.9250 (9.99%) manat and 98.0365 (7.07%) manat.
According to the decision of the Ministry of Finance, the cut-off price of bonds is 95.9283 (8.25%) manats, and the average weighted price is 96.7333 (7.7955%) manats. The total amount of orders at the nominal price is 209,336,100 manats, and the placed volume is
60,000, 000 manats.
Auction participants must fulfill their obligations to purchase bonds by June 21, 2023 (T+1). The bonds mature on June 17, 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.
