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Azerbaijan's Central Bank to auction off short-term notes

Finance Materials 17 May 2022 19:44 (UTC +04:00)
Azerbaijan's Central Bank to auction off short-term notes
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, May 17. The Baku Stock Exchange (BSE) will host an auction on the note placement of the Central Bank of Azerbaijan (CBA) on May 18, Trend reports referring to the BSE.

Information on issuing the notes:

State registration number

50103296S

Placement volume

150 million manat ($88.28 million)

Face value

100 manat ($58.8)

Maturity period

28 days

Maturity date

June 15, 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 notes from the CBA.

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