On November 16, 2022, an auction was held at the Baku Stock Exchange for the placement of 28-day short-term notes of the Central Bank of the Republic of Azerbaijan (ARMB) with state registration number AZ2033024707 in the amount of 30 million manats.

During the auction, 18 orders with a price interval of 99.6752 (4.19%) manat and 99.7363 (3.4%) manat were submitted by 10 investors. The total amount of the orders at the nominal price was 59,017,800 manats. 

According to the decision of ARMB, the cut-off price of notes is 99.7054 (3.8%) manats, and the average weighted price is 99.7218 (3.59%) manats.

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

The maturity date of the notes is 14/12/2022. 

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.