Central Bank placed short-term notes for AZN 200 million


November 22, Fineko/abc.az. Yesterday, the Central Bank of Azerbaijan (CBA) has conducted an auction on placement of its short-term notes.

The Baku Stock Exchange reports that on 21 November the CBA offered the notes with state registration number 50100572s for AZN 200 million and with 28-day circulation term.

The 16 investors submitted the 24 orders for AZN 834.365 million. TheinvestorsofferedAZN 99.4004 (yield: 7.76%) forthenotes.

Under CBA’s 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 200 million were placed.

The maturity date of the notes is 19 December 2018.