Short-term notes of the Central Bank of Azerbaijan (CBA) 50103334S totaling 8.5 million manat were placed on the auction, held August 15, 2012.
The declared supply made up 35 million manat. Put up for sale were notes for AZN 20 million, while total demand for them from two investors exceeded 8.5 million manat at face value. Applications were submitted in price range from 99.8834% (YTM 1.50%) to 99.8900% (1.42%).
Cut off price on competitive orders in the CBA was at the level of 99.8834% (1.50%), and the average price was 99.8891% (1.43%).
Repayment of the notes will be held on September 12, 2012. -15D-
Economics
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