Central Bank placed short-term notes for AZN 300 million


June 20, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has held today an auction on short-term notes.

The Baku Stock Exchange informs that on 20 June the CBA offered the notes with state registration number 50100270s for AZN 300 million for 28-day period.

The 13 investors submitted 20 orders for totally AZN 431.368 million. The investors gave AZN 99.3812 for the notes (yield: 8.01%).

In accord with the CBA’s decision the cut-off price and the weighted average price were set at the same level - AZN 99.3812 (yield: 8.01%). As a result, the short-term notes were placed for AZN 300 million.

The maturity date of the notes is 18 July 2018.


Keywords: short-term notes