An auction on placement of notes of CBA to be held

An auction on placement of notes of CBA to be held
  • Clock-gray 18:00
  • calendar-gray 20 August 2019

An auction on placement of notes of Central Bank of the Republic of Azerbaijan will be held in Baku Stock Exchange on August 21, 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

50101776S

Auction Volume

200 000 000 AZN

Face value

100 АZN

Turnover period

 28 days

Maturity date

18.09.2019

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.

 

Huseyn Veliyev

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