BAKU, Azerbaijan, August 30. The Baku Stock Exchange (BSE) will hold an auction on the placement of short-term notes of the Central Bank of Azerbaijan on August 30 and 31, Trend reports.
Information on the note issue parameters is summarized in the following table:
|
No. of state registration |
Placement Date |
Placement volume |
Nominal value / Quantity |
Repayment date |
|
AZ2145024702 |
30.08.2023 |
20 million manat ($11 million) |
10,000 / 2,000 |
27.09.2023 |
|
AZ2146024701 |
31.08.2023 |
20 million manat ($11 million) |
10,000 / 2,000 |
23.11.2023 |
|
AZ2147024700 |
30.08.2023 |
20 million manat ($11 million) |
10,000 / 2,000 |
14.02.2024 |
|
AZ2148024709 |
31.08.2023 |
20 million manat ($11 million) |
10,000 / 2,000 |
09.05.2024 |
The total number of bids submitted by each bank during the auction shall not exceed two (competitive and non-competitive), and the nominal number of bids shall not exceed the number of notes put up for auction.
Non-competitive orders are allowed, provided they do not exceed 20 percent of the volume of notes.
Settlements on the deals concluded at the auction will be made in the mode T + 0. The limitation of the price range on the provided orders is not applied.
Only local banks acting on the basis of a license can act as buyers of notes of the Central Bank of Azerbaijan.