Central Bank placed short-term notes for AZN 250 million


November 14, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held an auction on short-term notes.

The Baku Stock Exchange reports that on 14 November the CBA offered the short-term notes with state registration number 50100472s for AZN 250 million for the period of 28 days.

The 15 investors submitted the 24 orders for AZN 858.99 million. The investors offered AZN 99.4004 (yield: 7.76%) for the notes.

Under the CBA decision, the cut-off price reached AZN 99.4004 (7.76%), and the weighted average price conformed to it. As a result, the short-term notes for AZN 250 million were placed.

The maturity date of the notes is 12 December 2018.