Central Bank has placed short-term notes for AZN 300 million


February 27, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has held an auction on short-term notes.

The Baku Stock Exchange reports that on 27 February the CBA offered the short-term notes with state registration number 50100973S for AZN 300 million for 27 day term.

The 14 investors submitted 20 orders for AZN 853.5 million. The investors offered AZN 99.4388 for short-term notes (yield: 7.26%).

Under the CBA decision, the cut-off price and the weighted average price amounted to AZN 99.4388 (yield: 7.26%). As a result, the short-term notes for AZN 300 million were placed.

The maturity date is 27 March 2019.