An auction was held for placement of 28-day Short-term Notes of the Central Bank of the Republic of Azerbaijan

An auction was held for the placement of 28-day Short-term Notes of the Central Bank of the Republic of Azerbaijan

On February 8, 2024, an auction was held at the Baku Stock Exchange for placement of 28-day short-term notes of the Central Bank of the Republic of Azerbaijan (ARMB) with state registration number AZ2207024707 in the amount of 20 million manats.

During the auction, 5 investors submitted 5 orders with a price interval of 99,490.0582 (6.59%) manat and 99,516.3000 (6.25%) manat. The total amount of the orders at the nominal price was 34,000,000 manats.

According to the decision of ARMB, the cut-off price was 99,504.6878 (6.40%) AZN and the average weighted price was 99,505.8115 (6.39%) AZN of the notes were determined as 99473.8936 (6.8%) manats.

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

The maturity date of the notes is 07.03.2024.