OREANDA-NEWS. July 15, 2009. The Central Bank (CB) of Azerbaijan (formerly National Bank) has placed this year’s 27th issue of short-term notes with state registration number 50102721S at the Baku Stock Exchange (BSE) by 78.108% of the announced volume.

The BSE has reported that on 15 July total volume of the orders submitted by one investor made AZN 3.905 million at face value or 78.108% of the announced issue (AZN 5 million) and 97.635% of really set notes issue for trading (AZN 4 million). The order was presented in price 99.92% (claim for annual profitability of 1.03%).

The CB set cut off price at the level of 99.92% (profitability 1.03%) and the weighted average price conformed to it. As a result, the issue was placed by AZN 3.905 million. Circulation period of the notes issue is 28 days and maturity date is 12 August 2009.

Compared to the previous auction, profitability on cut off price reduced by 0.13% from 1.16% to 1.03% and weighted average price remained the same - 1.03%. For 2009 decrease of profitability on cut off price made 4.69% and on weighted average price 3.71% versus declines of 4.26% and 6.28% respectively in 2008. So in 2005-09 overall decrease of profitability on cut off price made 2.76% and on weighted average price 4.05%.

In 2009, the CB registered the issue of notes in the amount of AZN 5 bn.

The Bank has announced placement of 27 note issues for AZN 469 million (9.38% of the planned issue), set out for sales the notes for AZN 278 million at face value (5.56% of the 2009 target) and raised AZN 230.324 million at face value.

In 2008 the CB planned issue of its notes for AZN 5 bn through sale of 52 issues in the amount of AZN 2.49 bn (49.81% of the planned issue). Of them the CB set out for sales the notes for AZN 1.845 bn at face value (36.91% of the 2008 target) and raised AZN 1.616 bn at face value.

In 2007 the CB planned issue of its notes for AZN 3 bn and raised AZN 1.845 bn through sale of 61 issues.