The demand at the auction exceeded the supply by almost three times, as 17 investors filed 28 applications for 595.609 million manats.
The cut-off price for competitive bids was set at 99.5158 manats (6.26 percent), the weighted average price was also 99.5158 manats (6.26 percent). The volume of notes placed at the auction amounted to 200 million manats.
The deadline for payment on notes is Oct. 2, 2019.
The short-term notes are an instrument of monetary and credit policy for regulating the money stock in circulation. Only banks can acquire notes.
(1 USD = 1.7 AZN on Sept. 4)
More about: Central-Bank manat
