Baku Stock Exchange held auction on placement of Central Bank’s short-term notes


January 31, Fineko/ The Central Bank of Azerbaijan (CBA) has placed fully short-term notes today.

The Baku Stock Exchange reports that on 31 January the CBA sold the notes with ISIN-code 50100567S. They were offered in the amount of AZN 250 million for the period of 28 days.

The 15 investors submitted 20 orders for purchase of notes for AZN 416.79 million. The investors gave for notes from AZN 98.9754 (claim for annual yield: 13. 31%) up to AZN 99.2278 (10.01%).

In accord with Central Bank’s decision the cut-off price was equal to the weighted average price and was fixed at AZN 99.2278 (yield: 10.01%).

As a result, short-term notes were placed for AZN 250 million.