Central Bank placed short-term notes for AZN 200 million


August 14, Fineko/abc.az. The Central Bank of Azerbaijan has conducted an auction on its short-term notes.

The Baku Stock Exchange reports that on 14 August the CBA offered short-term notes with state registration number 50101676S in the amount of AZN 200 million for the period of 28 days.

The 14 investors submitted 23 orders for AZN 585.67 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 200 million.

The maturity date of the notes is 11 September 2019.