On July 18, 2023, an auction was held at the Baku Stock Exchange for the placement of AZ0201040182 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, 25 investors submitted 56 orders with a price interval of  88.0412  (12.98%) manat and 96.7253 (7.80%) manat.

According to the decision of the Ministry of Finance, the cut-off price of bonds is 94.6533  (8.98%) manats, and the average weighted price is 95.6959 (8.3821%) manats. The total amount of orders at the nominal price is 195,858,923 manats, and the placed volume is 90,000,000  manats.

Auction participants must fulfill their obligations to purchase bonds by July 19, 2023 (T+1). The bonds mature on July 15, 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.