Short-term notes of the Central Bank of Azerbaijan (CBA) series 50104438S at the total amount of AZN 5 million were posted at the auction held November 6, 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 10.2 mln at face value. Orders were presented in price range from 99.9145 % (YTM 1.10 %) to 99.9135 % (1.11 %).
Price cut for competitive bids in the CBA was at 99.9145 % (1.10 %) and it was equal to the weighted average price.
Repayment of the notes will be held on December 4 , 2013. At the previous session of the Central Bank notes were sold at a price of 1.09 % per annum. - 15D -
Economics
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