CBA to place short-term notes


September 25, Fineko/abc.az. An auction on placement of short-term notes of the Central Bank of Azerbaijan will be held at the Baku Stock Exchange (BSE), BSE said in a statement.

ABC.AZ reports that the volume of notes put up for auction makes AZN 100 million with the face value of each bond amounting to AZN 100, and the circulation period of 28 days. Notes will be paid on October 24.

It is noted that the total number of applications submitted by each bank should be no more than 2 (1 competitive and 1 non-competitive). Non-competitive bids may be accepted at the auction, provided that their volume is not more than 20% of the issue of notes. Only local banks operating on license can be the buyers.