Auction on Central Bank’s short-term notes to be held

14:15 - 30.09.2019


September 30, Fineko/abc.az. An auction on the placement of short-term notes of the Central Bank of Azerbaijan will be organized on the Baku Stock Exchange (BSE) on 2 October.

The volume of the notes set out for the auction is AZN 170 million, nominal value of a note 100 manats, and circulation term is 28 days. The maturity date of the notes is 31 October.

The total number of orders submitted by each bank should be no more than 2 (1 competitive and 1 non-competitive). It is allowed acceptance of non-competitive orders, provided no more than 20% of the issue of notes. Settlements on closed deals as a result of the auction will be carried out in regime T+1.
Only local licensed banks can be buyers of CBA’s short-term notes.

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