Central Bank placed short-term notes for AZN 100 million


October 23, Fineko/abc.az. The Central Bank of Azerbaijan held an auction on short-term notes.

The Baku Stock Exchange reports that the CBA offered short-term notes with state registration number 50102976s for AZN 100 million with the period of 28 days in the auction on 23 October.

The 14 investors submitted 20 orders for AZN 470.8 million and offered AZN 99.5158 (yield: 6.26%) for the 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 100 million.

The maturity date of the notes is 21 November 2019.