Central Bank placed short-term notes for AZN 300 million


January 23, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has conducted an auction on short-term notes.

The Baku Stock Exchange reports that at the 23 January auction the CBA offered the notes with number 50100473s for AZN 300 million and 28-day circulation term.

The 15 investors submitted 29 orders for AZN 618.1 million. The investors offered AZN 99.4004 (yield: 7.76%) for the notes.

Under the CBA decision, the cut-off price amounted to AZN 99.4004 (7.76%) and weighted average price conformed to it. As a result, the notes for AZN 300 million were placed.

Their maturity date is 20 February 2019.