
The Central Bank of Azerbaijan (CBA) placed the 2nd issue of short-term notes for 2012 with series 50100234S at the Baku Stock Exchange (BSE) by 75% of the announced volume. At that, yield of notes fell from 56.57% to 53.3% of CBA accounting rate that has made up 5.25% per annum since 6 May. Besides, a rupture between the note yield rates declined from 0.13 to 0.04%.
The BSE informs that on 11 January the eight investors submitted the orders for AZN 70.438 million on par value or 176.1% of announced volume (AZN 40 million) and 234.8% of really set out issue of notes for the auction volume of the issue (AZN 30 million).
The orders were submitted on the price of 99.798% (claim for annual profitability of 2.6%) and 99.775% (2.9%).
Under CBA’s decision, cut-off price made up 99.7826% (2.8%) and weighted average price 99.7861% (2.76%). As a result, the issue was placed for AZN 30 million or by 75% of the announced volume. Maturity date of the issue with 28-day circulation term is 8 February 2012.
Compared to the previous successful auction, yield on cut-off price dropped by 0.17% from 2.97% to 2.8% and on weighted average price rose by 0.08% from 2.84% up to 2.76%.
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abc.az/