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

On November 23, 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 AZ2037024703 in the amount of 30 million manats.

During the auction, 14 orders with a price interval of 99.7017 (3.85%) manat and 99.7363  (3.40%) manat were submitted by 8 investors. The total amount of the orders at the nominal price was 52,811,300.00 manats.

         According to the decision of ARMB, the cut-off price of notes is 99.7286 (3.50%) manats, and the average weighted price is 99.7317 (3.46%) manats.

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

         The maturity date of the notes is 21/12/2022.

         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.