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Azerbaijan's Central Bank puts short-term notes up for auction

Economy Materials 3 November 2022 17:36 (UTC +04:00)
Azerbaijan's Central Bank puts short-term notes up for auction
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, November 3. The Baku Stock Exchange (BSE) hosted an auction for the Azerbaijani Central Bank's (CBA) notes worth 30 million manat ($17.6 million) on November 3, Trend reports citing the BSE.

According to the Central Bank, 14 investors submitted 21 bids during the auction.

The total amount of bids at nominal prices reached 72.5 million manat ($42.6 million).

The average weighted price of one bond made up 96.5448 manat or $56.79 (5.11 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 July 13, 2023.

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