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 28th, 2024, an auction was held at the Baku Stock Exchange for the placement of notes of the Central Bank of the Republic of Azerbaijan (ARMB) with state registration number AZ2221024709 in the amount of 30 million manats with a circulation period of 168 days.

During the auction, 5 investors submitted 5 orders with a price interval of 96,880.4495 (6.90%) manat and 96,937.4237(6.77%) manat. The total amount of the orders at the nominal price was 36,300,000 manats.

According to the decision of ARMB, the cut-off price of notes is 96,924.2698 (6.80%) and the average weighted price is 96,928.7708 (6.79%) manats.

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

The maturity date of the notes is 14.08.2024.