OREANDA-NEWS. December 24, 2009. The Central Bank of Azerbaijan (CBA) could not place this year’s 50th issue of short-term notes with state registration number 50105021S at the Baku Stock Exchange (BSE).

BSE informed that announced auction invalid due to claims were not presented by participants of auction of CBA.

Notes were submitted in the auction in the amount of AZN 4 million with announced volume of  notes issue with state registration number 50105021S to the sum of AZN 5 million.

In previous resultative auction,  on 16th  December two investors submitted orders in the amount of AZN 4.051 million at face value or 81.02% of the announced (AZN 5 million) and 101.275% of really set out issue volume (AZN 4 million). The orders were submitted at the price of 99.9226% (claim for annual profitability - 1%).

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

The issue was placed in the amount of AZN 4 million. Its circulation period is 28 days and maturity date is 23 January, 2010.

As compared to previous resultative auction profitability on the cut-off price then did not change – 1% as well as on weighted average price.

In 2009, decrease of profitability at cut off price made up 4.72% and on weighted average price - 3.74% versus declines by 4.26% and 6.28% respectively in 2008. Thus, in 2005-2009, overall decrease of profitability at cut-off price totaled 2.79% and at weighted average price - 4.08%.

In 2009, CBA registered the issue of notes to the sum of AZN 5 bn.

For the time being, the bank announced placement of 50 note issues in the amount of AZN 574 million (11.48% of the planned issue), set out for sales the notes to the sum of AZN 359 million at face value (7.18% of plan for 2009) and raised AZN 282.2 million at face value.

In 2009, CBA refused to place eight announced issues of notes in the total amount of AZN 37 million.

In 2008, the CBA planned issue of its notes for AZN 5 bn through sale of 52 issues in the amount of AZN 2.49 bn (49.81% of the planned issue). Of them the CB set out for sales 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.