Central Bank placed short-term notes for AZN 300 million


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

The Baku Stock Exchange reports that on 27 March the CBA offered short-term notes with state registration number 50101373s in the amount of AZN 300 million for the 28-day term.

The 12 investors received 22 orders for AZN 359.436 million. The investors offered for short-term notes from AZN 99.3065 (yield: 8.98%) up to AZN 99.4581 (7.01%).

Under the CBA decision, the cut-off price was AZN 99.3065 (8.98%) and the weighted average price was AZN 99.3220 (8.78%). Short-term notes were placed for AZN 300 million.

The maturity date of the notes is 24 April 2019.