Central Bank of Azerbaijan auctions off short-term notes

By Trend

The Baku Stock Exchange (BSE) hosted an auction for the Azerbaijani Central Bank's (CBA) notes worth 30 million manat ($17.6 million) on November 11, Trend reports citing the BSE.

According to the Central Bank, nine investors submitted 16 bids during the auction.

The total amount of bids at nominal prices reached 48.9 million manat ($28.76 million).

The average weighted price of one bond made up 98 manat or $57.65 (4.41 percent) in accordance with the decision of the CBA.

Following the auction, the placement volume of notes totaled 30 million manat ($17.6 million).

The maturity date of the bonds is April 27, 2023.