CBA to hold deposit auction
By Trend
The Central Bank of Azerbaijan (CBA) will hold another deposit auction on Sept. 28 to attract 100 million manat ($58 million) for 14 days, Trend reports on Sept. 25 citing the CBA.
The auction will be held on the Bloomberg trading platform in the format of a hybrid auction from 11:00 to 11:15 (GMT+4).
The interest rate on the attracted funds has been set at 6.01 - 6.49 percent.
The CBA plans to put up 100 million manat ($58 million) for auction, while the amount may increase from the announced one during the auction by no more than 20 percent.
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