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

Economy Materials 30 March 2022 13:42 (UTC +04:00)
Central Bank of Azerbaijan puts up short-term notes for auction
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, March 30. Baku Stock Exchange (BSE) held an auction to place short-term (28 days) notes of the Central Bank of Azerbaijan Republic (CBAR) worth 200 million manat ($117.6 million) on March 30, Trend reports citing the BSE.

According to the CBAR, 17 investors submitted 22 bids during the auction.

The total amount of proposals at nominal prices amounted to 1.4 billion manat ($826.1 million).

The average weighted price of bonds equaled 99.5158 manat or $58.53 (6.26 percent) in accordance with the decision of the CBAR.

The volume of the placed notes totaled 200 million manat ($117.6 million) following the results of the auction.

The maturity date of the notes is April 27, 2022.

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