Auction for Central Bank`s short-term notes held


May 6, Fineko/abc.az. An auction for the placement of Central Bank’s short-term notes with registration number 50101779S, in the amount of AZN 150 million, and circulation term of 28 days has been organized at the Baku Stock Exchange.

ABC.AZ reports that in the course of the auction the eight investors submitted 13 orders at the price of AZN 99.4773 (6.76%).

The total amount of orders was AZN 224.557 million.

Under CBA’s decision, the cut-off price of the notes is set at the level of AZN 99.4773 (6.76%), the weighted average price AZN 99.4773 (6.76%). As a result of the auction, the volume of notes placed amounted to AZN 150 million.

The maturity date of the notes - 3 June 2020.