Central Bank placed short-term notes for AZN 100 million


June 4, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held an auction on short-term notes.

The Baku Stock Exchange reports that in the auction on 4 June the CBA offered the short-term notes with state registration number 50100676S in the amount of AZN 100 million for the period of 29 days.

The 15 investors submitted the 19 orders for $571.46 million. The investors offered AZN 99.4587 (yield: 6.76%) for short-term notes.

Under CBA’s decision, the cut-off price amounted to AZN 99.4587 (yield: 6.76%) and the weighted average price also amounted to AZN 99.4587 (6.76%). As a result, the notes were placed for AZN 100 million.

The maturity date of the notes is 3 July 2019.