Central Bank placed short-term notes for AZN 250 million


February 6, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held an auction on short-term notes.

The Baku Stock Exchange reports that on 6 February the CBA offered short-term notes with state registration number 50100673s for AZN 250 million for the 28 day term.

The 12 investors submitted 19 orders for AZN 576.86 million. The investors offered AZN 99.4388 (yield: 7.26%) for the notes.

Under the CBA decision, the cut-off price was AZN 99.4388 (7.26%), and the weighted average price was equal to it. As a result, short-term notes were placed for AZN 250 million.

The maturity date of the notes placement is 6 March 2019.