OREANDA-NEWS. June 16, 2010. The Central Bank of Azerbaijan (CBA) has placed this year’s 23rd issue of short-term notes with state registration number 50102325S at the Baku Stock Exchange (BSE) by 100% of the announced volume.

The BSE informs that on 16 June three investors submitted claims for AZN 12.003 million at face value or 2-fold more than the announced issue (AZN 6 million) and really set notes for auction (AZN 6 million).

The orders were submitted at the price of 99.9226% (claims for annual profitability of 1%).

In accordance with CBA’s decision, the orders were satisfied at the cut-off price of 99.9226% (1%) and the weighted average price conformed to it.

The issue was placed for AZN 6 million or 100% of announced volume with meeting of noncompetitive claims for AZN 1.29 million. Circulation period of the issue is 28 days and maturity date is 14 July 2010.

Compared to the previous auction, profitability on cut off price did not change - 1% as well as on weighted average price.

In 2009, decline of profitability at on cut-off price made 4.72% and at weighted average price 3.74%. In 2005-10, for the time being, overall decline of profitability on cut-off price makes 2.79% and at weighted average price - 4.08%.

In 2010, CBA registered the issue of notes for AZN 300 million at face value. So far, the bank has announced about placement of 23 issues in the amount of AZN 118 million, really put up for sale the notes for AZN 103 million and raised AZN 99.6 million or 84.4% of the announced volume.

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.