OREANDA-NEWS. September 14, 2011. The Central Bank of Azerbaijan (CBA) has placed today the 36th  issue of short-term notes for 2011 with series 50103630S at the Baku Stock Exchange (BSE) by 20.022%  of the announced volume. At that, yield of notes increased  from 45.7% to 56.95% of CBA accounting rate that has grown  up to 5.25% per annum since 6 May.

The BSE informs that on 14 September the two investors submitted the orders for AZN 3.003 million on par value or 20.022% of announced volume (AZN 15 million) and 30.033% of really set issue of notes for the auction (AZN 10 million).

The orders were submitted at the price of 99.8137% (claim for annual yield of 2.4%) and 99.775% (2.9%). Under CBA’s decision, cut-off price made up 99.775% (2.9%) and weighted average price conformed 99.7924% (2.67%). As a result, the issue was placed for AZN 3.003 million. Maturity date of the issue with 28-day circulation term is 12 October 2011.

Compared to the previous successful auction, yield on cut-off price has increased by 0.5 points from  - 2.4% to 2,9%, and on weighted average price –increased by 0.44% - from 2.23% up to 2.67%.

In 2011, increase of yield on cut-off price is still 0.73 points and on average weighted price the decline is 0.78 points. In 2005-11 the general decrease of yield on cut-off price still makes up 0.71% and on weighted average price 2.42 points.

The CBA registered an issue of notes of AZN 2 bn for 2011.

It has been announced of placement of 36 issues of notes for AZN 892 million, set notes for AZN 617 million for auctions and raised AZN 535.184 million on par value or 26.76% of the issue announced for 2011.

In 2010, the CBA registered the issue of notes for AZN 300 million at face value, but announced about placement of 51 issues for AZN 311 million, really put up for sale the notes for AZN 265 million and raised AZN 242.79 million or 78.07% of the announced volume.

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

In 2008, the CBA planned issue of its notes for AZN 5 bn through sale of 52 issues for AZN 2.49 bn (49.81% of the planned issue). Of them CBA put up for sale 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 CBA planned issue of its notes for AZN 3 bn and raised AZN 1.845 bn through sale of 61 issues.