Central Bank placed short-term notes for AZN 300 million


October 10, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held today an auction on short-term notes.

The Baku Stock Exchange reports that on 3 October the CBA offered the notes with state registration number 50101870s for AZN 300 million for the 28-day term.

The 15 investors submitted 26 orders for AZN 996.65 million. The investors offered AZN 99.3812 (yield: 8.01%) for the notes.

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

The maturity date of the notes is 7 November 2018.