CBA places short notes worth AZN 30 million for three months


September 20, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has held an auction on placement of short-term notes.

According to the Baku Stock Exchange, on September 20, the CBA at the auction offers short prices with the number 50202276S, in the amount of AZN 30 million for a period of 84 days.

10 investors submitted 14 applications in the amount of RUB 147,592,200. Investors offer in a short time from AZN 97.8314  (yield 9.5%) to AZN 98.6195(6%).

By decision of the CBA, the cut-off price is AZN 98.6111 (yield 6.04%), the weighted average price is AZN 98.6127 (6.03%).

As a result, notes worth AZN 30 million were placed.

The maturity date is December 16, 2019.