The demand at the auction exceeded the supply by almost 4 times, as 9 investors filed 13 applications worth 117.325 million manats.
The cut-off price for competitive bids was set at 99.2145 manats (6.14 percent), the weighted average price was also 97.2514 manats (6.26 percent). The volume of notes placed at the auction amounted to 30 million manats.
The deadline for payment is March 23, 2020.
The short-term notes are an instrument of monetary and credit policy for regulating the money stock in circulation. Only banks can acquire the notes.
(1 USD = 1.7 AZN on Oct. 5)
More about: Central-Bank Azerbaijan
