Central Bank places short-term notes for AZN 200 million


March 13, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has held an auction on short-term notes.

The Baku Stock Exchange reports that on 13 March the CBA offered short-term notes with registration number 50101173S in the amount of AZN 200 million for the 28-day term.

The 12 investors submitted 22 orders for AZN 340.64 million. The investors offered AZN 99.4388 for short-term notes (yield: 7.26%).

Under CBA’s decision, the cut-off price and the weighted average price amounted to AZN 99.4388 (7.26%). As a result, short-term notes for AZN 200 million were placed.

The maturity date of the notes is 10 April 2019.