Short-term notes of the Central Bank of Azerbaijan (CBA) series 50104638S totaling AZN 5 million were posted in the auction , which was held November 20, 2013 .
The announced offer was 30 million manat; exhibited for auction were notes for AZN 5 million and the total demand for them by two investors exceeded 10 mln at face value. The orders were presented in price range from 99.9145 % (YTM 1.10 %) to 99.9150 % (1.09 %).
The price cut for competitive bids in the CBA was at 99.9150 % (1.09 %) and was equal to the weighted average price.
Repayment of notes will be held on 18 December 2013. At the previous session of the Central Bank also notes were sold at a price of 1.09 % per annum. - 15D -
Economics
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