Short-term notes of the Central Bank of Azerbaijan (CBA) series 50105034S at the total amount of AZN 10 million posted in the auction, which took place December 12, 2012.
The announced offer was 30 million manats; put up for sale were notes for AZN 10 million, and the total demand for them from the six investors exceeded 38.5 mln at face value. The orders were presented in price range from 99.8331% (YTM 2.15%) to 99.7672% (3.00).
The price cut for competitive bids in the CBA was at 99.8288% (2.20%) and the weighted average price was at 99.8294% (2.20%).
Repayment of notes will be held on 9 January 2013. At the previous auction of the Central Bank notes were sold at a price of 2.74% per annum. - 15D -
Economics
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