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Central Bank of Azerbaijan to auction off short-term notes

Finance Materials 6 December 2022 20:35 (UTC +04:00)
Central Bank of Azerbaijan to auction off short-term notes
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 6. The Baku Stock Exchange (BSE) will host an auction on the placement of the Azerbaijani Central Bank's (CBA) short-term notes on December 7-8, Trend reports citing the BSE.

Information on issuing the notes:

State registration number Placement date Placement volume Face value Maturity date
AZ2045024703 07.12.2022 30 million manat ($17.6 million) 100 04.01.2023
AZ2046024702 07.12.2022 30 million manat ($17.6 million) 100 01.03.2023
AZ2047024701 08.12.2022 30 million manat ($17.6 million) 100 25.05.2023
AZ2048024700 08.12.2022 30 million manat ($17.6 million) 100 17.08.2023

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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