Central Bank places short-term notes for AZN 300 million


October 3, Fineko/abc.az. The Central Bank of Azerbaijan has held an auction on short-term notes today.

The Baku Stock Exchange (BSE) informs that at the auction the CBA offered the notes with state number 50101670S for AZN 300 million and 28-day turnover term.

The 17 investors submitted 31 orders for AZN 984.6 million. The investors suggested AZN 99.3812 (yield: 8.01%) for the notes.

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

The maturity date of the notes is 31 October 2018.