Short-term notes of the Central Bank of Azerbaijan (CBA) series 50100738S at the total amount of AZN 10 million were posted in the auction, which was held February 20, 2013.
The announced offer made up 30 million manat; put up for sale were notes for AZN 10 million, and the total demand for them from five investors exceeded 29.2 mln at face value. Orders were presented in price range from 99.9100% (YTM 1.20%) to 99.8254% (2.33%).
Price cut for competitive bids in the CBA was at 99.9003% (1.33%) and the weighted average was 99.9064% (1.25%).
Repayment of the notes will be held on 19 March 2013. At the previous auction the Central Bank notes were sold at a price of 1.21% per annum. - 15D -
Economics
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