12:57 - 20.12.2019

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December 20, Fineko/abc.az. An auction on placement of short-term notes of the Central Bank is to take place.

The Baku Stock Exchange informed portal ABC.AZ that the auction will be held on 25 December. During the auction the collection of bids will be organized at 11 am 12:30 pm. The state registration number of the auction is 50103976S, the volume of the set out notes is AZN 170 million, the nominal value is 100 manats, the circulation term is 28 days, the payment date is 23 January 2020. The total number of orders submitted by each bank must not exceed 2 (1 competitive and 1 non-competitive). Non-competitive orders may be accepted provided that they amount to no more than 20% of the notes issued. Settlements on closed transactions as a result of the auction will be carried out in T+1 regime.