Central Bank of Azerbaijan selling notes worth 300M manats
By Trend
On June 20, the Baku Stock Exchange (BSE) will hold an auction to place short-term notes of the Central Bank of Azerbaijan worth 300 million manats, the BSE announced.
Three million notes at a par value of 100 manats each, and with a maturity period of 28 days will be put up for sale at the auction. The maturity date of the notes is July 18, 2018.
Short-term notes are a monetary policy instrument to regulate the money supply in circulation. Only banks can purchase notes.
According to the requirements, each bank can submit no more than two applications - one competitive and one non-competitive.
(1.7 AZN = 1 USD on June 15)
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