Azerbaijan Central Bank has placed short-term notes


December 27, Fineko/abc.az. The Central Bank of Azerbaijan has placed another issue of short-term notes.

The Baku Stock Exchange reports that today the CBA sold the notes with ISIN-code 50100466S.

The notes were offered in the amount of AZN 350 million for the 28-day period.

The 14 investors submitted the 16 orders for purchase of notes for AZN 348.338 million. Investors gave from AZN 98.8472 (claim for annual yield: 14.99%) up to AZN 99.0750 (12.00%) for the notes.

In accord with the CBA decision, the cut-off price was set at AZN 98.8472 (yield: 14.99%) and weighted average price at AZN 98.9009 (yield: 14.29%). As a result, the notes for AZN 350 million were placed.

The date of maturity is 24 January 2018.