BAKU, Azerbaijan, March 18. The Baku Stock Exchange (BSE) will hold a new auction for short-term notes of the Central Bank of Azerbaijan (CBA) on Mar. 28, Trend reports referring to the BSE.
Information on parameters of issuing notes is provided in the table:
|
State registration number |
50101196S |
|
Placement volume |
300 million manat |
|
Face value |
100 manat |
|
Maturity period |
23 days |
|
Maturity date |
April 20, 2022 |
The total number of bids submitted by each bank during the auction should not be more than two (competitive and non-competitive), and the nominal quantity of them should not exceed the number of notes auctioned.
Non-competitive orders are allowed, provided they do not exceed 20 percent of the notes issuance.
Settlements on transactions concluded on the results of the auction will be carried out in T + 0 mode. The price range of submitted bids is 99.5077 ($58.57) - 99.6019 manat ($58.62).
Only local banks operating on the basis of a license can purchase short-term notes of the Central Bank of Azerbaijan.