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Auction on placement of notes CBA declared invalid
August 22 BSE conducted trading on placement of short-term notes of Central Bank of Azerbaijan (CBA) series 50101634S.
The announced offer was 35 million manat; notes for AZN 10 million were put up for sale, and the total demand for them on the part of one bidder was 1.001 million manat. The application was submitted at a price 99.8749% (YTM 1.61%).
Due to the lack of competitive prices CBA did not recognized the trade as valid. - 15D
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