BAKU, Azerbaijan, March 29. The Baku Stock Exchange (BSE) will host a new auction for short-term notes of the Central Bank of Azerbaijan (CBA) on March 30, Trend reports referring to the BSE.
Information on parameters of issuing notes is provided in the table:
|
State registration number |
50101396S |
|
Placement volume |
200 million manat ($117.7 million) |
|
Face value |
100 manat ($58.8) |
|
Maturity period |
28 days |
|
Maturity date |
April 27, 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 volume of notes.
Payments on transactions concluded on the results of the auction will be carried out in T + 0 mode. The price range of submitted bids is 99.4013 ($58.5) - 99.5158 manat ($58.57).
Only local banks operating on the basis of a license can purchase short-term notes of the Central Bank of Azerbaijan.