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

07.02.2018,17:31

February 7, Fineko/abc.az. Today, the Central Bank of Azerbaijan (CBA) has placed short-term notes fully.

The Baku Stock Exchange reports that on 7 February the CBA sold notes with ISIN code 50100667S. They were offered in the amount of AZN 150 million for the 28-day term.

The 17 bidders submitted the 23 orders for purchase of notes for AZN 414.02 million. The bidders gave AZN 99.2278 for the notes (claim for annual yield: 10.01%).

Under CBA’s decision, the cut-off price was equal to the weighted average price and was fixed at the level of AZN 99.2278 (yield: 10.01%).

As a result, the short-term notes were placed for AZN 150 million.

 

Keywords: short-term notes