Short-term notes of the Central Bank of Azerbaijan (CBA) series 50100438S at the total amount of AZN 10 million posted in the auction, which took place January 30, 2013. Volume of accepted non-competitive bids amounted to 1.998 million manat.
The announced offer of 30 million manat were put up for sale notes for AZN 10 million, and the total demand for them from four investors exceeded 20 mln at face value. Orders were presented in price range from 99.8866% (YTM 1.46%) to 99.8641% (1.75%).
Price cut for competitive bids in the CBA at 99.8866% (1.46%) and the weighted average.
Repayment of the notes will be on 27 February 2013. At the previous auction of the Central Bank notes were sold at a price of 1.95% per annum. - 15D -
Economics
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