CBA puts short-term notes up for auction
By Trend
The Baku Stock Exchange (BSE) held a new auction for short-term notes of the Central Bank of Azerbaijan (CBA), Trend reports referring to a source in the BSE.
During the auction, the CBA put up short-term notes worth 100 million manat ($58.8 million) with a circulation period of 28 days.
Some 20 investors filed 24 orders in the price range from 99.55 manat or $58.55 (5.76 percent).
According to the CBA's decision, the cut-off price of the bonds and the weighted average price amounted to 99.55 manat $58.55 (5.76 percent). The total amount of orders at nominal prices made up 954.4 million manat ($561.4 million) while the volume of the placed notes is 100 million manat ($58 million) which shows the excess of demand over supply by more than nine times.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!