On June 14, 2022, at the Baku Stock Exchange 20 mln. AZN, 728-day medium-term government bonds (T-bills) were auctioned.

During the auction, 22 orders with price range 93.6476 AZN (8%) and 99.2466 AZN (4.9%) were submitted by 14 investors.

The Ministry of Finance set the cut-off price in the amount of AZN 98.7795 (5.15%) and the weighted average price in the amount of AZN 99.0048 (5.0292%). The total amount of orders placed at face value was AZN 101,111,600.00 and the volume was AZN 20,000,000.00.

Bidders must fulfill their obligations to purchase bonds by June 16, 2022 (T + 1). The maturity date of the bonds is June 11, 2024.

Note: The volume of bonds offered by the Issuer may be increased up to 50 percent if the demand for government bonds exceeds the supply during the auction and the price satisfies the Issuer.