Short-term notes of the Central Bank of Azerbaijan (CBA) series 50101138S, amounting to AZN 10 million, were posted in the auction, held March 19, 2013.
The announced offer was 30 million manat, put up for sale were notes of 10 million AZN, with the total demand from six investors exceeded 27.2 mln at face value. Orders were presented at a price range from 99.9080% (YTM 1.14%) to 99.8791% (1.50%).
Price cut for competitive bids in the CBA was at 99.8994% (1.25%) with the weighted average of 99.9047% (1.18%).
Repayment of the notes will be on 17 April 2013. At a previous auction of the Central Bank, notes where sold at a price of 1.41% per annum. - 15D -
Economics
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