Short-term notes of the Central Bank of Azerbaijan (CBA) series 50101538S for a total of 8,212 million manat placed at the auction, held April 17, 2013.
The announced offer was 30 million manat; put up for sale were notes for AZN 10 million, and the total demand for them from the four investors exceeded 8.21 mln at face value. Orders were presented in price range from 99.9145% (YTM 1.10%) to 99.9060% (1.21%).
Price cut for competitive bids in the CBA at 99.9060% (1.21%) and the weighted average was 99.9095% (1.16%).
Repayment of notes will be held on May 15, 2013. At the previous session of the Central Bank notes were sold at a price of 1.20% per annum. - 15D -
Economics
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