On October 27, 2022, an auction was held at the Baku Stock Exchange for the placement of 30 million manat 168-day notes of the Central Bank of the Republic of Azerbaijan (ARMB) with state registration number AZ2023024709.

During the auction, 20 orders with a price interval of 97.2762 (6%) manat and 98.0558  (4.25%) manat were submitted by 13 investors. The total amount of the orders at the nominal price was 64,842,400 manats. 

According to the decision of ARMB, the cut-off price of the notes is 98.0104 (4.35%) and the average weighted price is 98.0256 (4.32%) manat. 

As a result of the auction, the placed volume of notes was 30,000,000 manats. 

The maturity date of the notes is 13.04.2023. 

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