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 March 7, 2024, an auction was held at the Baku Stock Exchange for placement of notes of the Central Bank of the Republic of Azerbaijan (ARMB) with state registration number AZ2224024706 in the amount of 30 million manats with a circulation period of 84 days.

During the auction, 5 orders with a price interval of 98,370.3315(7.1%) manat and 98,462.9927 (6.69%) manat were submitted by 5 investors. The total amount of the orders at the nominal price was 37,900,000 manats.

According to the decision of ARMB, the cut-off price 98,370.3315 (7.10%) manats and the average weighted price of the notes were determined as 98,430.8725 (6.83%) manats.

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

The maturity date of the notes is 30.05.2024.