Date: 10 July 2019, 19:48, READ:
The demand at the auction exceeded the supply by more than four times, as 16 investors filed 22 applications for 939.911 million manats, BSE said.
The cut-off price for competitive bids was set at 99.4966 manats (6.51 percent), the weighted average price was also 99.4787 manats (6.51 percent). The volume of notes placed at the auction amounted to 200 million manats.
The deadline for payment on notes is August 7, 2019.
The short-term notes are an instrument of monetary and credit policy for regulating the money stock in circulation. Only banks can acquire notes.