Short-term notes of the Central Bank of Azerbaijan (CBA) series 50104538S at the total amount of AZN 5 million posted in the auction, which was held November 13, 2013.
The announced offer was 30 million manat; put up for sale were notes for AZN 5 million, and the total demand for them from the two investors exceeded AZN 10 mln at face value. Orders were presented in price range from 99.9145 % (YTM 1.10 %) to 99.9150 % (1.09 %).
Price cut for competitive bids in the CBA at 99.9150 % (1.09 %) and the weighted average price.
Repayment of notes held December 11, 2013. At the previous session of the Central Bank notes were sold at a price of 1.11% per annum. - 15D -
Economics
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