Auction on Placement of CBA Notes Declared Invalid
On August 22 on BSE there was trading on placement of short-term notes of Central Bank of Azerbaijan (CBA) series 50103434S.
The announced offer was 40 million manat, put up for sale were notes for AZN 20 million, and the total demand for them on the part of one bidder was 1.56 million manat. The application was submitted at a price 99.8900% (YTM 1.42%).
Due to the lack of competitive prices CBA recognized the trade invalid. - 15D-
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