Azerbaijan's Central Bank Auctions Off Short-Term Notes| MENAFN.COM

Thursday, 01 December 2022 06:05 GMT

Azerbaijan's Central Bank Auctions Off Short-Term Notes


(MENAFN- Trend News Agency)

BAKU, Azerbaijan, November 16. The Baku Stock Exchange (BSE) hosted an auction for the Azerbaijani Central Bank's (CBA) short-term notes worth 30 million manat ($17.6 million) on November 16, trend reports citing the BSE.

According to the Central Bank, 12 investors submitted 19 bids during the auction.

The total amount of bids at nominal prices reached 68.77 million manat ($40.45 million).

The average weighted price of one bond made up 99.06 manat or $58.27 (4.05 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 February 8, 2023.

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