Azerbaijn Central Bank has placed short-term notes for AZN 250 million


August 24, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held today an auction on short-term notes.

The Baku Stock Exchange informs that on 24 August the CBA offered notes with registration number 501170s for AZN 250 million for the period of 26 days.

The 11 investors submitted 19 orders for AZN 368.115 million. The investors gave from AZN 99.3899 (yield of 8.5%) up to AZN 99.4251 (yield: 8.01%) for the notes.

Under CBA’s decision, the cut-off price amounted to AZN 99.4251 (8.01%) and weighted average price conformed to it. As a result, the short-term notes for AZN 250 million were placed.

The maturity date is 19 September 2018.


Keywords: short-term notes