Baku Stock Exchange held an auction of Central Bank’s short-term notes

17:33 - 24.01.2018

January 24, Fineko/abc.az. The Central Bank of Azerbaijan has placed short-term notes.

The Baku Stock Exchange reports that today the CBA sold the notes with ISIN-code 50100467S. They were offered in the amount of AZN 250 million for the 28-day circulation term.

The 14 investors submitted 18 orders for purchase of notes in the amount of AZN 381.6 million. The investors gave from AZN 98.8620 (claim for annual yield: 14.80%) up to AZN 98.9998 (12.99%).

Under the CBA decision, the cut-off price was set at AZN 98.9093 (yield: 14.18%) and average price level AZN 98.9219 (14.01%).

As a result, the notes were sold for AZN 250 million.

 

 

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