Short-term notes of the Central Bank of Azerbaijan (CBA) series 50103438S at the total amount of AZN 5 million were posted in the auction, which took place on August 28, 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 11 mln at face value. Orders were presented in price range from 99.9125 % (YTM 1.13 %) to 99.9106 % (1.15 %).
The price cut for competitive bids in the CBA was at 99.9106 % (1.15 %) and the weighted average was at 99.9110 % (1.15 %).
Repayment of the notes will be on September 25 , 2013. At the previous session of the Central Bank notes were sold at a price of 1.14% per annum. - 15D -
Economics
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