Central Bank placed short-term notes for AZN 200 million


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

The Baku Stock Exchange reports that on 25 June the CBA offered short-term notes with state registration number 50100976S in the amount of AZN 200 million for the period of 29 days.

The 16 investors submitted 22 orders in the amount of AZN 727.69 million.

The investors offered AZN 99.4787 (yield: 6.51%) for short-term notes.

Under CBA’s decision, the cut-off price amounted to AZN 99.4787 (yield: 6.51%) and the weighted average price was equal to it. As a result, the notes were placed for AZN 200 million.

The maturity date of the notes is 24 July 2019.