OREANDA-NEWS. January 27, 2010. The Central Bank of Azerbaijan (CBA) placed this year’s fourth  issue of short-term notes with state registration number 50100425S at the Baku Stock Exchange (BSE) by 80% of the announced volume.

BSE informed that on 27 January 2 investors submitted claims in the amount of AZN 8,002,500 at face value or 160.05% of the announced issue (AZN 5 million) and 200.06% of really set notes for auction (AZN 4 million). Claims were presented at the price of 99.9226% (pretension for annual profitability of 1%).

Under decision of CBA, claims were satisfied at the cut-off price of 99.9226% (1%) and the weighted average price conformed to it. The issue was placed to the sum of AZN 4 million or 80% of announced volume. Circulation period of the notes issue is 28 days and maturity date is 24 February, 2010.

Compared to the previous auction, profitability at cut off price did not change  - 1%  as at weighted average price. In 2009, overall growth of profitability at cut off price made 4.72% and at weighted average price 3.74%. In 2005-2010, for the time being, overall decline of profitability at cut-off price makes 2.79% and at weighted average price 4.08%.

The information on volumes of issue of notes of CBA for 2010 has not been received so far. For the time being, the bank has announced placement of 4 notes issue in the amount of AZN 20 million, set out for sales the notes to the sum of AZN 16 million. AZN 13,600,300 or 68.002% of announced volume was raised.

In 2009, CBA registered issue of notes in the amount of AZN 5 bn, announced on placement of 51 issues in the amount of AZN 579 million (11.58% of planned issue), put really up for sale notes in the amount of  AZN 363 million at face value (7.26% of the year target) and raised AZN 286.2 million at face value.

In 2008, CBA planned issue of its notes in the amount of AZN 5 bn through sale of 52 issues in the amount of AZN 2.49 bn (49.81% of the planned issue). Of them CBA put  up for sale the notes to the sum of AZN 1.845 bn at face value (36.91% of the 2008 target) and raised AZN 1.616 bn at face value.

In 2007, CBA planned issue of its notes in the amount of AZN 3 bn and raised AZN 1.845 bn through sale of 61 issues.