An auction on the placement of short-term notes with the total amount of five million mantas of Azerbaijan’s Central Bank was held at the Baku Stock Exchange (BSE).
The bonds’ maturity is 27 days, according to the BSE.
Applications worth about 3.51 million manats were submitted by two investors.
The applications were within the price range of 98.92 manats (with a yield of 14.5572%) and 98.94 manats (14.2847%).
Stop-out price on competitive bids was 98.92 manats (with a yield of 14.5572%) and the weighted average price was 98.9316 manats (14.3991%).
The deadline for the payment on bonds is February 1.
Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes. (Trend/Business World Magazine)