Central Bank has placed short-term notes for AZN 300 million


July 18, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held today an auction for placement of short-term notes.

The Baku Stock Exchange reports that on 18 July the CBA offered the notes with state registration number 50100470s for AZN 300 million for the 28-day term.

The 14 investors submitted 23 orders for AZN 720.4 million. The investors gave AZN 99.3812 for the notes (yield: 8.01%).

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

The date of the notes repayment is 15 August 2018.