Azerbaijan's Central Bank puts up notes for auction

By Trend

The Baku Stock Exchange (BSE) has hosted an auction for short-term notes of the Central Bank of Azerbaijan (CBA) worth 30 million manat ($17.6 million) with a circulation period of 252 days, Trend reports citing the BSE.

According to the CBA, five investors submitted eight bids during the auction.

The total amount of the bids at nominal prices reached 87.7 million manat ($51.6 million).

The average weighted price of one bond made up 98.0104 manat or $57.68 (2.9 percent) in accordance with the decision of the CBA.

The maturity date of the bonds is January 27, 2023.