Short-term notes of the Central Bank of Azerbaijan (CBA) series 50103534S at the total amount of 3.55 million manat were placed on the auction, held August 29, 2012.
The announced offer made up 35 million manat; put up for sale were notes for AZN 10 million, and the total demand for them from three investors exceeded 3.55 bn at face value. The orders were presented in the price range from 99.8800% (YTM 1.54%) to 99.8912% (1.40%).
The price cut for competitive bids in the CBA was at 99.8800% (1.54%) and the weighted average price was at 99.8841% (1.49%).
Repayment of the notes is scheduled for 26 September 2012. - 15D -
Economics
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