Central Bank could not place entire issue of short-term notes yesterday


April 18, Fineko/abc.az. Yesterday, the Central Bank of Azerbaijan (CBA) held an auction on short-term notes.

The Baku Stock Exchange informs that in the auction the CBA offered short-term notes with state registration number 50101673S for AZN 300 million for he period of 28 days.

The 11 investors submitted 18 orders for AZN 199.526 million. The investors offered for the short-term notes from AZN 99.3053 (yield: 8.99%) up to AZN 99.4581 (7.01%).

According to the CBA decision, the cut-off price reached AZN 99.3053 (8.99%) and the weighted average price AZN 99.3199 (8.80%). As a result, the short-term notes were placed for only AZN 199.526 million.

The maturity date of the notes is 15 May 2019.