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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.
Railway line Kars-Nakhchivan-Meghri-Zangilan-Baku is important from angle of lifting the blockade of Nakhchivan, reducing transport costs, reducing environmental impact, expanding foreign trade opportunities, increasing tourism and passenger turnover, as well as attracting investments to the region
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