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 March 7, 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 AZ2226024704 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 95011.8765 (7.50%) manat and 95405.2817 (6.88%) manat. The total amount of the orders at the nominal price was 41,000,000 manats.

According to the decision of ARMB, the cut-off price was 95360.7019 (6.95%) manats and the average weighted price is 95396.0801 (6.89%) manats.

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

The maturity date of the notes is 14.11.2024.