Central Bank places short-term notes for AZN 300 million


September 12, 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 12 September the CBA offered notes with state registration number 50101470S for AZN 300 million for the 28-day period.

The 13 investors submitted 22 orders for AZN 512.7 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 10 October 2018.