Central Bank placed short-term notes for AZN 300 million


August 16, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) placed short-term notes yesterday.

The Baku Stock Exchange reports that on 15 August the CBA offered the notes with state registration number 50101070S in the amount of AZN 300 million for 28-day period.

The 11 investors submitted 18 orders for totally AZN 383,623 million. The investors gave from AZN 99.2290 (claim for annual yield: 9.99%) up to AZN 99.3812 (8.01%) for the notes.

In accord with the CBA decision, the cut-off price was set at AZN 99.3056 (yield: 8.99%) and weighted average price at AZN 99.3451 (yield: 8.4756%). As a result, the short-term notes for AZN 300 million were placed.

The maturity date of the notes is 12 September 2018.