Short-term notes from the Central Bank of Azerbaijan (CBA) Series 50102838S50103038S totaling AZN 5 million were sold at an auction held on July 31, 2013.
The announced offer raised 30 million manat. Notes worth AZN 5 million were auctioned and the total demand for them from two investors was over AZN 8 million at face value. The price range of orders ranged from 99.9069% (YTM 1.20%) to 99.9065% (4.52%).
Price cut for competitive bids in the CBA was 99.9069% (1.20%) and was equal to the weighted average price.
The notes are due to be repaid on August 28, 2013. At the previous session of the Central Bank notes were also sold at a price of 1.20% per annum. - 15D -
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