Yield of Azerbaijan Central Bank’s Notes Rose
OREANDA-NEWS. November 16, 2011. The Central Bank of Azerbaijan (CBA) has placed today the 45th issue of short-term notes for 2011 with series 50104530S at the Baku Stock Exchange (BSE) by 34.838% of the announced volume. At that, yield of notes grew from 59.23% up to 59.62% of CBA accounting rate that has made up 5.25% per annum since 6 May.
The BSE informs that on 16 November the four investors submitted the orders for AZN 8.709 bn on par value or 34.838% of announced volume (AZN 25 million) and 87.095% of really set issue of notes for the auction (AZN 10 million).
The orders were submitted at the price of 99.7745% (claim for annual yield of 2.91%) and 99.7571% (3.13%).
Under CBA’s decision, cut-off price made up 99.7571% (3.13%) and weighted average price 99.769% (2.98%). As a result, the issue was placed for AZN 8.709 bn or by 34.838% of the announced volume. Maturity date of the issue with 28-day circulation term is 14 December 2011.
Compared to the previous successful auction, yield on cut-off price rose by 0.02% from 3.11% up to 3.13% and on weighted average price decreased by 0.08 points -from 3.06% up to 2.98%.
In 2011, increase of yield on cut-off price is still 1.05% and on average weighted price the decline is 0.75%. In 2005-11 the general decrease of yield on cut-off price still makes up 0.48% and on weighted average price 2.11%.
The CBA registered an issue of notes of AZN 2 bn for 2011. It has been announced of placement of 45 issues of notes for AZN 1.067 bn, set notes for AZN 692 million for auctions and raised AZN 575.231 million on par value or 28.76% 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.
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