An auction was held for placement of 168-day notes of the Central Bank of the Republic of Azerbaijan

An auction was held for placement of 168-day notes of the Central Bank of the Republic of Azerbaijan

On February 21th, 2024, an auction was held at the Baku Stock Exchange for placement of notes of the Central Bank of the Republic of Azerbaijan (ARMB) with state registration number AZ2217024705 in the amount of 30 million manats with a circulation period of 168 days.

During the auction, 8 investors submitted 6 orders with a price interval of 96684.00 (7.35%) manat and 96968.1298 (6.70%) manat. The total amount of the orders at the nominal price was

42,700,000 manats.

According to the decision of ARMB, the cut-off price of notes 96928.654 (6.79%) and the average weighted price is 96937.7004 (6.77%) manats.

As a result of the auction, the placed volume of notes was 30,000,000 manats.

The maturity date of the notes is 07.08.2024.