An auction was held at the “Baku Stock Exchange” (BSE) to place notes of the Central Bank of Azerbaijan (CBA) with the code Az2027024705, the face value of 30 million manats, the circulation period of 168 days, and az2028024704, with the face value of 30 million manats and the maturity of 252 days.

This is reported by the BSE.

The report says that 14 investors submitted 20 orders for 168-day notes with price ranges of AZN 97.4089 (5.7%) and AZN 97.9075 (4.58%) for a total of AZN 75.257 million. Thus, the placement has occurred completely. According to the decision of the CBA, the cut-off price of the notes was 97.7422 manats (4.95%), and the weighted average price was 97.8176 manats (4.78%). The maturity date of the banknotes is April 20, 2023.

For 252-day notes, 14 investors submitted 21 orders with a price range of AZN 95.648 (6.5%) and AZN 96.697 (4.88%) for a total of AZN 72.587 million. Thus, the placement has occurred completely. According to the decision of the CBA, the price of notes is set at 96.4552 manats (5.25%), and the weighted average price is 96.5448 manats (5.11%). The maturity date of the notes is July 13, 2023

Source: Turan News Agency