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

On November 16, 2022, 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 AZ2034024706 in the amount of 30 million manats with a circulation period of 84 days.

During the auction, 12 investors submitted 19 orders with a price interval of 98.9609 (4.5%) manat and 99.0799 (3.98%) manat. The total amount of the orders at the nominal price was 68,771,500 manats. 

According to the decision of ARMB, the cut-off price of notes is 99.0296 (4.2%) manats, and the average weighted price is 99.0629 (4.05%) manats. 

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

The maturity date of the notes is 08.02.2023. 

In case the demand collected in the auction exceeds the offer, the offer can be increased by the issuer up to a maximum of 20% of the amount initially auctioned.