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

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

On August 9, 2023, 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 the state registration number AZ2132024707 in the amount of 20 million AZN with a circulation period of 168 days.

During the auction, 7 investors submitted 7 orders with a price interval of 9567.00 (9.70%) AZN and 9618.8992 (8.49%) AZN. The total amount of the orders at the nominal price was 23,730,000 AZN.

According to the decision of ARMB, the cut-off price of notes is 9605.5328 (8.80%) AZN and the average weighted price is 9609.5425 (8.71%) AZN.

As a result of the auction, the placed volume of notes was 20,000,000 AZN.

The maturity date of the notes is 24.01.2024.