Central Bank placed short-term notes for AZN 200 million


August 7, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held an auction on the placement of its short-term notes.

The Baku Stock Exchange reports that on 7 August the CBA offered the short-term notes with state registration number 50101576S in the amount of AZN 200 million for the period of 28 days.

The 14 investors submitted 21 orders for AZN 656.7 million. The investors offered AZN 99.5158 for the short-term notes (yield: 6.26%).

According to the CBA 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 200 million.

The maturity date of the notes is 4 September 2019.