NBA ANNOUNCES AUCTION
The National Bank of Azerbaijan (NBA) announced an auction on sale of shorter-term notes. The Baku Stock Exchange said the auction will come as the 36th this year. Notes of the issue of the second prospect were registered as 50101410S. The auction will be held on 5 September.
Under the issue notes with the amount of 30bn manats with the circulation term of 30 days will be put for auction.
This year the NBA registered two prospects of the issue of notes worth 1trln manats (500bn manats each). At the expense of both prospects the next issue worth 865bn manats (86.5% of two registered prospects with the amount of 1trln manats) was held, while only 446,262bn manats or 51.59% of all 36 issues was attracted.