Central Bank places 9-month short-term notes for AZN 30 million


October 11, Fineko/abc.az. The Central Bank of Azerbaijan held an auction on the placement of 9-month short-term notes.

The Baku Stock Exchange informs that the CBA offered the short-term notes with number 50402676S in the amount of AZN 30 million for the period of 252 days.

The seven investors submitted 9 orders for AZN 116.879 million. The investors offered for the short-term notes from AZN 95.5201 (yield: 6.7%) up to AZN 95.9693 (6.0%).

Under CBA’s decision, the cut-off price reached AZN 95.8730 (yield: 6.15%), and the weighted average price AZN 95.8798 (6.14%).

As a result, the notes were placed for AZN 30 million.

The maturity date of the notes is 22 June 2020.