An auction was held for placement of Notes of the Central Bank of the Republic of Azerbaijan

On June 16, 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 AZ2104024701 in the amount of 40 million manats with a circulation period of 251 days.

During the auction, 14 investors submitted 14 orders with a price interval of 9,379.3995 (9.49%) manat and 9,441.1396 (8.49%) manat. The total amount of the orders at the nominal price was 75,370,000 manats.

According to the decision of ARMB, the cut-off price of notes is 9,397.2205 (9.2%) manats, and the average weighted price is 9,408.1696 (9.02%) manats.

As a result of the auction, the placed volume of notes was 40,000,000 manats.

The maturity date of the notes is 22.02.2024.