Central Bank has placed short-term notes not fully


April 25, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) conducted an auction on short-term notes.

The Baku Stock Exchange (BSE) informs that in the 24 April auction the CBA offered the short-term notes with state registration number 50101773S for AZN 300 million and 24-day term.

The 12 investors submitted 20 orders for totally AZN 285.6 million. The investors offered for the short-term notes from AZN 99.3053 (yield: 8.99%) to AZN 99.3625 (8.24%).

Under the CBA decision, the cut-off price reached AZN 99.3053 (8.99%) and the weighted average price AZN 99.3117 (8.91%). As a result, the short-term notes were placed for AZN 285.624 million.

The date of maturity of the notes is 22 May 2019.