Baku, Fineko/abc.az. Today, the Central Bank of Azerbaijan (CBA) refused to place this year’s 45th issue of short-term notes with state registration number 50104521S. It happens the second week in succession.

The Baku Stock Exchange (BSE) reports that on 18 November the total volume of the claim  submitted by 1 investor made up AZN 1.499 million at face value or 37.48% of the announced issue (AZN 4 million) and 49.97% of really set notes issue for trading (AZN 3 million). Claims were presented at price 99.9029% (claim for annual profitability of 1.25%).

“Due to participation of less than 2 investors at auction, competitive price was not formed, in consequence of which CBA announced auction invalid,” it was informed. On 11 November, CBA refused to place the issue 50104421S.

In accordance with the decision of CBA, at previous auction, they were satisfied at cut-off price 99.9226% (1%), to which weighted average price conformed. Issue was placed to the sum of AZN 3 million, that is, 86.9% of presented claims were cut off. Its circulation period is 28 days and maturity date is 2 December.

As compared to the previous auction, profitability at cut off price did not change – 1% as well as on weighted average price.

In 2009, decrease of profitability at cut off price made up 4.72% and on weighted average price - 3.74% versus declines of 4.26% and 6.28% respectively in 2008. Thus, in 2005-2009, overall decrease of profitability at cut off price totaled 2.79% and at weighted average price - 4.08%.

In 2009, CBA registered the issue of notes in the amount of AZN 5 bn.

For the time being, the bank announced placement of 45 note issues in the amount of AZN 552 million (11.04% of the planned issue), set out for sales the notes to the sum  of  AZN 341 million at face value (6.82% of plan for 2009) and raised AZN 272.730 million at face value.

In 2009, CBA refused to place 6 announced issues of notes in the total amount of AZN 21 million.

In 2008, CBA planned issue of its notes for AZN 5 bn through sale of 52 issues in the amount of AZN 2.49 bn (49.81% of the planned issue). Of them the CB set out for sales the notes for AZN 1.845 bn at face value (36.91% of the 2008 target) and raised AZN 1.616 bn at face value.

In 2007, the CB planned issue of its notes for AZN 3 bn and raised AZN 1.845 bn through sale of 61 issues.

18.11.2009 15:36