An auction was held for placement of 252-day notes of the Central Bank of the Republic of Azerbaijan

An auction was held for placement of 252-day notes of the Central Bank of the Republic of Azerbaijan

On February 8, 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 AZ2210024702 in the amount of 30 million manats with a circulation period of 252 days.

During the auction, 8 investors submitted 8 orders with a price interval of 95012.00 (7.50%) manat and 95552.0520 (6.65%) manat. The total amount of the orders at the nominal price was 37,300,000 manats.

According to the decision of ARMB, the cut-off price was 95520.107 (6.70%) and the average weighted price is 95544.2638 (6.66%) manats.

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

The maturity date of the notes is 17.10.2024.