By Trend

The Baku Stock Exchange (BSE) has hosted an auction for notes of the Central Bank of Azerbaijan (CBA) worth 30 million manat ($17.6 million) with a circulation period of 168 days, Trend reports citing the BSE.

According to the CBA, five investors submitted eight bids during the auction.

The total amount of the bids at nominal prices reached 89.5 million manat ($52.69 million).

The average weighted price of one bond made up 98.6285 manat or $58.05 (2.98 percent) in accordance with the decision of the CBA.

The maturity date of the bonds is November 9, 2022.