Central Bank placed short-term notes for AZN 200 million


July 24, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held an auction on the placement of short-term notes.

The Baku Stock Exchange reports that in the auction on 24 July the CBA offered short-term notes with state registration number 50101376S in the amount of AZN 200 million for the period of 28 days.

The 16 investors submitted 28 orders for AZN 729.79 million. The investors offered AZN 99.4966 (yield: 6.51%) for short-term notes.

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

The maturity date of the notes is 21 August 2019.