Demand for Central Bank notes exceeds supply 4-fold

Baku. 18 October. REPORT.AZ/ An auction on placement of short-term notes of the Central Bank of Azerbaijan (CBA) worth 100 mln AZN with the ISIN number 50100362S with circulation period of 28 days was carried out at Baku Stock Exchange (BSE).

Report informs citing the BSE, 20 orders were submitted by 15 investors and total amount of all orders were 422,489,700 AZN, worth 99,2278 AZN (10,01%).

According to the CBA decision, cut off and weighted average price of the bonds identified at this value. All of the securities were sold.

The maturity date is November 15, 2017.