Central Bank places short-term notes for AZN 300 million


September 5, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held an auction for placement of short-term notes.

The Baku Stock Exchange informs that on 5 September the CBA offered notes with state registration number 50101370s for AZN 300 million for the 28-day period.

The 13 investors submitted 24 orders for AZN 463.6 million. The investors gave AZN 99.3812 for the notes (yield: 8.01%).

Under CBA’s decision, the cut-off price amounted to AZN 99.3812 (8.01%) and weighted average price conformed to it. As a result, the notes were placed for AZN 300 million.

The maturity date is 3 October 2018.



Keywords: short-term notes