Central Bank placed short-term notes for AZN 100 million


July 31, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has conducted an auction on short-term notes.

The Baku Stock Exchange informs that on 31 July the CBA offered short-term notes with state registration number 50101476S in the amount of AZN 100 million for the period of 28 days.

The 16 investors submitted 23 orders for AZN 652.99 million. The investors offered AZN 99.5158 for the short-term notes (yield: 6.26%).

Under CBA’s decision, the cut-off price amounted to AZN 99.5158 (yield: 6.26%) and the weighted average price conformed to it. As a result, the notes were placed for AZN 100 million.

The maturity date of the notes is 28 August 2019.