One more auction held for 170 million worth notes


December 11, Fineko/abc.az. Another auction has been held today.

ABC.AZ reports that an auction for the placement of Central bank’s short-term notes with volume of AZN 170 million and 28-day circulation term was conducted at the Baku Stock Exchange.

During the auction 29 orders were submitted by 17 investors at the price of AZN 99.5351 (yield: 6.01%). The total amount of orders amounted to AZN 991.847 million.

Under CBA’s decision, the cut-off price of notes is set at the level of AZN 99.5351 (6.01%) and the weighted average price at s AZN 99.5351 (6.01%).

As a result of the auction, the volume of notes placed totaled AZN 170 million.

The maturity date of the notes is 9 January 2020.