Central Bank of Azerbaijan to auction notes

Finance Materials 22 April 2022 20:28 (UTC +04:00)
Central Bank of Azerbaijan to auction notes
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, April 22. The Baku Stock Exchange (BSE) will host an auction for notes of the Central Bank of Azerbaijan Republic (CBAR) on April 25, Trend reports referring to the BSE.

Information on issuing the notes:

State registration number


Placement volume

30 million manat ($17.6 million)

Face value

100 manat ($58.8)

Maturity period

84 days

Maturity date

July 18, 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.

There is no price range restriction on submitted orders.

Only local banks operating on the basis of a license can purchase short-term notes from the CBAR.