Today started placement of short-term notes of Central Bank of Azerbaijan in the amount of 5 million manat.
According to the Baku Stock Exchange (http://www.bfb.az/news/2013/07/mb-not-yerlesdirme/2942), maturity of 50 thousand securities series 50102638S nominal value of AZN 100, will be 28 days, maturity date - July 31, 2013.
Each bank has the right to a maximum of 3 applications. Allowed at the auction, noncompetitive bids do not exceed 20% of the issue. If the total volume of orders for bonds purchase submitted by auction participants is less than 20% of the bonds offered by the issuer to the auction, the issuer has the right not to accept the application.
The total declared amount of accommodation of the CBA notes is 30 million manat. - 17D-
Economics
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