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First time this year the demand for notes was below CBA proposal
BAKU/30.01.14/TURAN : Short-term notes of the Central Bank of Azerbaijan ( CBA) series 50100442S totaling 7 million manat were placed on the auction , held January 29, 2013 .
The announced offer was 30 million manat; for auction were exhibited notes for AZN 8 million , and the total demand for them by the two investors amounted to only 7 million at face value . Orders were presented in price range from 99.9173 % (YTM 1.06 %) to 99.9171 % (1.07 %).
Price cut for competitive bids in the CBA was at 99.9171 % (1.07 %) and the weighted average was 99.9172 % (1.07 %).
Repayment of the notes will be held on February 26, 2014 .
Central Bank of Azerbaijan in 2014 emits notes totaling 2 billion manat. Through four auctions they placed notes of 25 million manat. At the last auction notes of CBA went as low as 1.07 % APR . -15D -
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