On December 7 and December 8, 2022, an auction will be held at the Baku Stock Exchange to place notes of the Central Bank of the Republic of Azerbaijan.

We inform you that the collection of orders during the auction will be organized from 11:00 to 11:30.

Information about the release parameters of the notes is given in the table below:

Turnover period

         ISIN

Registration amount (manat)

Auction date
Auction
volume

 

Nomi nal

Quantity

Maturity date

28

AZ2045024703
30,000,000
07.12.2022

30,000,000

100
300.000

04.01.2023

84

AZ2046024702
30,000,000
07.12.2022

30,000,000

100
300.000

01.03.2023

168

AZ2047024701
30,000,000
08.12.2022

30,000,000

100
300.000

25.05.2023

252

AZ2048024700
30,000,000
08.12.2022

30,000,000

100
300.000

17.08.2023


During the auction each bank may submit only 1 bid, the nominal amount of this bid shall not exceed 20% of the volume of notes put up for auction. There are no restrictions on the price range of the orders.

In case the demand collected at the auction exceeds the supply, the supply can be increased by the issuer up to a maximum of 20% of the initially auctioned amount.

If the number of bids submitted during the auction is less than 5, the auction shall be deemed failed. The contracts concluded during the auction will be settled in T+0 mode.

Only local banks acting on the basis of a license can be buyers of banknotes of the Central Bank of the Republic of Azerbaijan.