Demand exceeds supply 3,6 -fold at CBA’s note auction

Baku. 7 June. REPORT.AZ/ Auction on placement of notes No. 50101356S held today at Baku Stock Exchange (BSE) with total volume of 50 mln AZN with par value of 100 AZN, with turnover period of 28 days.

Report informs referring to the BSE.

According to information, 12 orders were submitted by 10 investors.

The total amount of orders made 180 mln AZN. Orders were at price range of 99,0749 AZN (12,01%) - 99,0749 AZN (12,01%)

Cut off price of notes on competitive orders determined at 99,0749 AZN (12,01%), by CBA,

The amount realized at face value was 50 mln AZN.

The maturity date of the securities is July 5, 2017.