On November 3th, 2022, an auction was held at the Baku Stock Exchange for the placement of 252-day notes of the Central Bank of the Republic of Azerbaijan (ARMB) with state registration number AZ2028024704 in the amount of 30 million manats.
During the auction, 14 investors submitted 21 orders with a price interval of 95.6480 (6.50%) manat and 96.6970 (4.88%) manat. The total amount of the orders at the nominal price was 72 586 500 manats.
According to the decision of ARMB, the cut-off price of notes is 96.4552 (5.25%) manat and the average weighted price is 96.5448 (5.11%) manat.
As a result of the auction, the placed volume of notes was 30,000,000 manats.
The maturity date of the notes is 13.07.2023.
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.
