BAKU, Azerbaijan, March 9
Kamran Gasimov - Trend:
An auction was held at the Baku Stock Exchange (BSE) on March 9 to place short-term notes of the Central Bank of Azerbaijan (CBA) in the amount of 100 million manat ($58 million) with a circulation period of 28 days, Trend reports citing the BSE.
According to the BSE, 19 investors submitted 25 applications during the auction.
The total amount of applications at nominal prices amounted to 967.8 million manat ($569.3 million).
The weighted average price of bonds amounted to 99.5351 manat $58.5 (6.01 percent) while the volume of placed notes – 100 million manat ($58 million) in accordance with the CBA’s decision.
The maturity date of the notes is April 6, 2022.