Central Bank has placed short-term notes for AZN 100 million


November 20, Fineko/abc.az. The Central Bank of Azerbaijan has conducted an auction on short-term notes.

The Baku Stock Exchange reports that the CBA offered short-term notes with state registration number 50103376s in the amount of AZN 100 million for the 28-day period in the auction on 20 November.

The 15 investors submitted 23 orders for AZN 661.6 million. The investors offered AZN 99.5351 (yield: 6.01%) for the short-term notes.

Under CBA’s decision, the cut-off price was 99.5351 manats (yield: 6.01%) and the weighted average price conformed to it.

As a result, the notes were placed for AZN 100 million.

The maturity date is 19 December 2019.