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Central Bank of Azerbaijan to auction off short-term notes

Finance Materials 15 November 2022 19:35 (UTC +04:00)
Central Bank of Azerbaijan to auction off short-term notes
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, November 15. The Baku Stock Exchange (BSE) will host an auction on the placement of the Azerbaijani Central Bank's short-term notes on November 16-17, Trend reports citing the BSE.

Information on issuing the notes:

State registration number Placement date Placement volume Face value Maturity date
AZ2033024707 16.11.2022 30 million manat ($17.6 million) 100 manat ($58.8) 14.12.2022
AZ2034024706 16.11.2022 30 million manat ($17.6 million) 100 manat ($58.8) 08.02.2023
AZ2035024705 17.11.2022 30 million manat ($17.6 million) 100 manat ($58.8) 04.05.2023
AZ2036024704 17.11.2022 30 million manat ($17.6 million) 100 manat ($58.8) 27.07.2023

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 the CBA notes.

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