CBA places short-term notes for AZN 170 million


September 18, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has held an auction on placement of short-term notes.

According to the Baku Stock Exchange, on September 18, the CBA at the auction offered short-term notes with number 50102176S in the amount of AZN 170 million for a period of 28 days.

From 16 investors, 24 applications were received in the amount of AZN 676,775,900. Investors offered for short-term notes at AZN 99.5158 (yield 6.26%).

By decision of the CBA, the cut-off price amounted to AZN 99.5158(yield 6.26%) and the weighted average price corresponded to it.

As a result, notes worth AZN 170 million were placed.

The maturity date of the notes is October 17, 2019.