Baku Stock Exchange holds auction on placement of CBA’s short-term notes
The Baku Stock Exchange (BSE) held an auction on the placement of short-term notes of the Central Bank of Azerbaijan (CBA) on April 28, 2021, Trend reports citing the BSE.
The number of notes was 150 million manat ($88.2 million), and the circulation period - 28 days.
During the auction, 18 investors filed 31 bills in the price range from 99.52 manat or $58.54 (6.24 percent) to 99.55 manat or $58.55 (5.76 percent).
The maturity date is May 26, 2021.
In accordance with the CBA's decision, the cut-off price of the bonds and the weighted average price amounted to 99.55 manat (5.76 percent).
The total amount of orders at nominal prices made up 915.3 million manat ($538.4 million), and the volume of the placed notes - 150 million manat ($88.2 million), which shows the excess of demand over supply by six times.