Azerbaijan Central Bank Places Easily 28th Issue of Notes
OREANDA-NEWS. The Central Bank of Azerbaijan (CBA) has placed today this year’s 28th issue of its short-term notes with series 50102738S at the Baku Stock Exchange (BSE). The yield of notes remained at the level of 25.26% of CBA accounting rate which makes 4.75% per annum since 11 February 2013. A rupture between the note yield rates kept at zero level.
The BSE informs that on 17 July the two investors submitted the orders for AZN 8.02 million on par value or 26.7% of announced volume (AZN 30 million) and 160.24% of really set out issue of notes for the auction volume of the issue (AZN 5 million). The orders were submitted on the price of 99.9070% (claim for annual profitability of 1.2%) up to 99.9069% (1.2%). Under CBA’s decision, the cut-off price was 99.9069% (1.2%) and the weighted average price was 99.9070% (1.2%). As a result, the issue was placed for AZN 5 million, or 16.67% of the announced volume. With a 28-day circulation term, the issue is scheduled for redemption on 14 August 2013.
Compared to the previous successful auction, yield on cut-off price remained unchanged - 1.2% as well as on weighted average price. In 2013, the decrease of yield on cut-off price is still 1.48% and on weighted average price 0.67%. In 2005-13 overall decline in yield on cut-off price is still 2.55% and on weighted average price 3.95%.
The CBA registered an issue of notes of AZN 2.5 bn for 2013. It has been announced of placement of 28 issues of notes for AZN 840 million, set notes for AZN 230 million for auctions and raised AZN 195.118 million on par value or 7.8% of the issue announced for 2013.This year the 18th issue of CBA notes (announced for AZN 30 million and set out for AZN 5 million), 21st issue (announced AZN 30 million and set out for AZN 5 million) and 25th issue (announced for AZN 30 million and set out AZN 10 million) still remain unplaced.
In 2012, the CBA registered an issue of notes of AZN 2.5 bn, announced 52 auctions for AZN 1.8 bn, set out notes for AZN 923 million and raised AZN 850.808 million on par value or 34.03% of the issue announced for 2012.
In 2012, the 34th (AZN 40 million of the announced and AZN 20 million of the volume set for sale), the 36th (AZN 35 million and AZN 10 million respectively), and the 38th (AZN 35 million and AZN 10 million) issues remained unplaced.
In 2011, the CBA registered an issue of notes of AZN 2 bn, but announced of placement of 51 issues of notes for AZN 1.242 bn, really set notes for AZN 787 million for auctions and raised AZN 643.46 million on par value or 32.17% 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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