Central Bank places short-term notes for AZN 200 million


June 20, Fineko/abc.az. The Central Bank of Azerbaijan has conducted an auction on the placement of short-term notes.

The Baku Stock Exchange informs that it offered the short-term notes with state registration number 50100876S in the amount of AZN 200 million for the 28-day period.

The 17 investors submitted 25 orders for AZN 799.001 million. The investors offered AZN 99.4966 (yield: 6.51%) for short-term notes.

Under CBA’s decision of the CBA, the cut-off price amounted to AZN 99.4966 (yield: 6.51%) and the weighted average price conformed to it AZN 99.4966 (6.51%). As a result, the notes were placed for AZN 200 million.

The maturity date of the notes is 17 July 2019.