An auction on placement of notes of Central Bank of the Republic of Azerbaijan will be held in Baku Stock Exchange on August 28, BSE told APA-Economics.
The collection of bids during the auction will be organized from 10:30 to 12:00. Information about the notes issuance parameters is given in the table below.
|
The state registration number |
50101876S |
|
Auction Volume |
100 000 000 AZN |
|
Face value |
100 АZN |
|
Turnover period |
28 days |
|
Maturity date |
25.09.2019 |
A total number of bids (1 competitive and 1 non-competitive) presented by each bank should not exceed 2.
During the auction, the total amount of non-competitive orders should not exceed 20 percent of the issue amount.
Only licensed banks can bid in the CBAR notes auction.
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