Amount of applications for CBA's short-term notes exceeds AZN 800 mln


March 7, Fineko/ The Central Bank of Azerbaijan (CBA) today posted short-term notes.

According to the Baku Stock Exchange, on March 7, the CBA sold notes with ISIN-code 50101067S. They were offered in the volume of AZN 150mln for a period of 28 days.

20 investors submitted 26 applications for the purchase of notes in the amount of AZN 830,864,700. Investors gave AZN 99.3812 for notes (a claim for an annual yield of 8.01%).

According to the decision of the Central Bank, the cut-off price was set at AZN 99.3812 (8.01% yield) and the weighted average price corresponded to it.

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


Keywords: short-term notes