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Central Bank of Azerbaijan puts up short-term notes for auction

Finance Materials 26 October 2022 13:38
Baku, Azerbaijan Trend News Agency
Central Bank of Azerbaijan puts up short-term notes for auction

The Baku Stock Exchange (BSE) hosted an auction for notes of the Central Bank of Azerbaijan (CBA) worth 30 million manat ($17.6 million) on October 26, Trend reports citing the BSE.

According to the Central Bank, eight investors submitted 14 bids during the auction.

The total amount of bids at nominal prices reached 46.026 million manat ($27.07 million).

The average weighted price of one bond made up 99.74 manat or $58.67 (3.39 percent) in accordance with the decision of the CBA.

Following the auction, the placement volume of notes totaled 30 million manat ($17.6 million).

The maturity date of the bonds is November 23, 2023.

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