Short-term notes of the Central Bank of Azerbaijan (CBA) series 50104634S at the total amount of AZN 10 million were placed in an auction held on November 14, 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 four investors exceeded 16.6 mln at face value. Orders were presented in price range from 99.7980% (YTM 2.60%) to 99.7479% (3.25%).
Price cut for competitive bids in the CBA was at 99.7675% (3.00%) and the weighted average price was at 99.7787% (2.85%).
Repayment of the notes will be held on 12 December 2012. At the previous auction the Central Bank notes were sold at a price of 3.16% per annum. -15D -
Economics
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