Central Bank places short-term notes for AZN 200 million


October 24, Fineko/abc.az. Today, the Central Bank of Azerbaijan (CBA) has held an auction on short-term notes.

The Baku Stock Exchange reports that the CBA offered short-term notes with registration number 50101720S for AZN 200 million and circulation term of 28 days at the auction.

The 15 investors submitted the 26 orders for AZN 758.3 million. The investors offered AZN 99.3812 (yield: 8.01%) for the notes.

Under the CBA decision, the cut-off price reached AZN 99.3812 (8.01%), and the weighted average price conformed to it. As a result, the short-term notes for AZN 200 million were placed.

The maturity date of the notes is 21 November 2018.