On November 24, 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 AZ2039024701.

During the auction, 6 investors submitted 11 orders with a price interval of 96.8366 (7%) manat and 98.1226 (4.1%) manat. The total amount of the orders at the nominal price was 37,854,600 manats. 

According to ARMB's decision, the cut-off price of notes was 98.0784 (4.2%) and the average weighted price was 98.1115 (4.12%) manats. 

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

The maturity date of the notes is 11.05.2023. 

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.