Central Bank placed short-term notes for AZN 170 million


October 16, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has conducted 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 50102876s in the amount of AZN 170 million for the period of 28 days in today’s auction.

The 14 investors submitted 24 orders for totally AZN 547.248 million. The investors offered for short-term notes by AZN 99.5158 (yield: 6.26%).

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 14 November 2019.