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 placement of 28-day Short-term Notes of the Central Bank of the Republic of Azerbaijan

On March 6, 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 AZ2223024707 in the amount of 30 million manats.

During the auction, 7 investors submitted 7 orders with a price interval of 99,324.8120 (8.74%) manat and 99,500.8375 (6.45%) manat. The total amount of the orders at the nominal price was 45,600,000 manats.

According to the decision of ARMB, the cut-off price was 99,446.9644 (7.15%) manats and the average weighted price was 99,482.8943 (6.68%) manats .

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

The maturity date of the notes is 03.04.2024.