Amount of orders for short-term notes exceeds AZN 1.2 bn


November 7, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held an auction on short-term notes.

The Baku Stock Exchange reports that on 7 November the CBA offered the short-term notes with registration number 50103720s for AZN 300 million for the 28-day period.

The 16 investors received 24 orders in the amount of AZN 1.214 bn. The investors offered AZN 99.4004 (yield: 7.76%) for the notes.

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

The maturity date is 5 December 2018.