An auction was held for placement of 84-day notes of the Central Bank of the Republic of Azerbaijan

An auction was held for the placement of 84-day notes of the Central Bank of the Republic of Azerbaijan

On December 28, 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 state registration number AZ2195024701 in the amount of 20 million manats with a circulation period of 84 days.

During the auction, 6 orders with a price interval of 9,828.2307(7.49%) manat and 9,839.3000 (7 %) manat were submitted by 6 investors. The total amount of the orders at the nominal price was 43,270,000 manats.

According to the decision of ARMB, the cut-off price was 9,830.4896 (7.39%) and the average weighted price of the notes was determined as 9,834.0637 (7.23%) manats.

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

The maturity date of the notes is 21.03.2024.