Orders for Central Bank’s short-term notes exceeded AZN 1 bn


October 31, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held an auction on the placement of its short-term notes.

The Baku Stock Exchange reports that on 31 October the CBA offered the short-term notes with state registration number 50100272s for AZN 300 million and for the period of 28 days.

The 16 investors submitted the 25 orders for AZN 1.12 bn. The investors offered AZN 99.4004 (yield: 7.76%) for the short-term notes.

Under the CBA decision, the cut-off price totaled AZN 99.4004 (7.76%) and the weighted average price conformed to it. As a result, the short-term notes for AZN 300 million were placed.

The maturity date of the notes is 28 November 2018.