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 February 15, 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 AZ2212024700 in the amount of 30 million manats with a circulation period of 84 days.

During the auction, 5 orders with a price interval of 98,442.6375(6.78%) manat and 98,573.9633 (6.20%) manat were submitted by 5 investors. The total amount of the orders at the nominal price was 29,900,000 manats.

According to the decision of ARMB, the cut-off price was 98,442.6375 (6.78%) manats, and the average weighted price of the notes was determined as 98,474.1776 (6.64%) manats.

As a result of the auction, the placed volume of notes was 29,900,000 manats.

The maturity date of the notes is 09.05.2024.