Short-term notes of the Central Bank of Azerbaijan (CBA) series 50103734S totaling AZN 8 million were posted in the auction, which was held September 12, 2012.
The announced offer made up 35 million manat; notes for AZN 10 million were put up for sale, and the total demand for them by the two investors was AZN 8 million at face value. The orders were presented in price range from 99.8749% (YTM 1.61%) to 99.8912% (1.40%).
The price cut for competitive bids in the CBA was at 99.8749% (1.61%) and the weighted average price was at 99.8892% (1.43%).
Repayment of the notes will be on 10 October 2012. - 15D -
Economics
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