Short-term notes of the Central Bank of Azerbaijan (CBA) series 50104834S at the total amount of 10 million manat were placed on auction, held November 28, 2012.
The announced offer was 35 million manat, put up for sale were notes for AZN 10 million, and the total demand for them from the six investors exceeded 17.2 million manat at face value. The orders were presented in a price range from 99.7286% (YTM 3.50%) to 99.7875% (2.74%).
Price cut for competitive bids in the CBA was at 99.7344% (3.42%) and the weighted average price was at 99.7537% (3.17%).
Repayment of the notes will be on 26 December 2012. At the previous auction of the Central Bank notes were sold at a price of 3.10% per annum. - 15D -
Economics
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