Azerbaijan's Central Bank to put up notes for auction

Finance Materials 29 April 2022 19:56
Azerbaijan's Central Bank to put up notes for auction

BAKU, Azerbaijan, April 29. The Baku Stock Exchange (BSE) will host an auction on the note placement of the Central Bank of Azerbaijan (CBA) on May 4, Trend reports referring to the BSE.

Information on issuing the notes:

State registration number


Placement volume

30 million manat ($17.6 million)

Face value

100 manat ($58.8)

Maturity period

252 days

Maturity date

January 11, 2023

The total number of bids submitted by each bank during the auction should not be more than two (competitive and non-competitive), and the nominal quantity of them should not exceed the number of notes auctioned.

Non-competitive orders are allowed, provided they do not exceed 20 percent of the volume of notes.

Payments on transactions concluded on the results of the auction will be carried out in T + 0 mode. There is no price range restriction on submitted orders.

Only local banks operating on the basis of a license can purchase notes from the CBA.