Azernews.Az

By Trend

The Baku Stock Exchange (BSE) held an auction on the placement of short-term notes of the Central Bank of Azerbaijan (CBA) on February 24, 2021, Trend reports citing the BSE.

The number of notes was 200 million manat ($117.6 million), and the circulation period - 28 days.

During the auction, 14 investors submitted 25 orders in the price range from 99.52 manat or $58.54 (6.24 percent) to 99.55 manat or $58.56 (5.76 percent).

According to the CBA's decision, the cut-off price of the bonds and the weighted average price were also 99.55 manat (5.76 percent), weighted average price - 99.55 manat (5.76 percent). The total amount of orders at nominal prices made up 642.3 million manat ($377.8 million), the volume of the placed notes is 200 million manat ($117 million), which demonstrates the excess of demand over supply by more than three times.

The maturity date is March 24, 2021.