Central Bank placed short-term notes for AZN 170 million


October 9, Fineko/abc.az. The Central Bank of Azerbaijan held an auction on the placement of short-term notes.

The Baku Stock Exchange informs that the CBA offered short-term notes with state registration number 50102776S for AZN 170 million and 28-day term in the auction on 9 October.

The 14 investors submitted 22 orders in the total amount of AZN 647.7 million. The investors offered AZN 99.5158 (yield: 6.26%) for short-term notes.

Under CBA’s decision, the cut-off price reached AZN 99.5158 (yield: 6.26%) and the weighted average price conformed to it.

As a result, the notes were placed for AZN 170 million.

The maturity date of the notes is 7 November 2019.