On December 1, 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 AZ2043024705.

During the auction, 11 investors submitted 11 orders with a price interval of 96.8368 (7%) manat and 97.9477 (4.49%) manat. The total amount of the orders at the nominal price was 44,740,200 manats. 

According to the decision of ARMB, the cut-off price of notes is 97.7199 (5%) manat and the average weighted price is 97.7974 (4.83%) manat. 

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

The maturity date of the notes is 18.05.2023. 

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.