Central Bank placed short-term notes for AZN 200 million


May 8, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held an auction on placement of short-term notes.

The Baku Stock Exchange informs that on 8 May the CBA offered the short-term notes with state registration number 50100276S in the amount of 200 million manats for the period of 28 days.

The 14 investors submitted 23 orders for a total amount of AZN 552.885 million. The investors offered AZN 99.4959 (yield: 6.76%) for the short-term notes.

Under CBA’s decision, the cut-off price amounted to AZN 99.4959 (yield: 6.76%), while the weighted average price was equal to it. As a result, the short-term notes were placed for AZN 200 million.

The maturity date of the notes is 4 June 2019.