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

Finance Materials 29 November 2022 18:35 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, November 29. The Baku Stock Exchange (BSE) will host an auction on the placement of the Azerbaijani Central Bank's (CBA) notes on November 30, Trend reports citing the BSE.

Information on issuing the notes:

State registration number Placement date Placement volume Face value Maturity date
AZ2041024707 30.11.2022 30 million manat ($17.6 million) 100 28.12.2022
AZ2042024706 30.11.2022 30 million manat ($17.6 million) 100 22.02.2023
AZ2043024705 01.12.2022 30 million manat ($17.6 million) 100 18.05.2023
AZ2044024704 01.12.2022 30 million manat ($17.6 million) 100 10.08.2023

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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