OREANDA-NEWS. February 20, 2014. The Central Bank of the Republic of Azerbaijan (the “CBA”) in accordance with the Law of Azerbaijan Republic “On public procurements” announces an open tender to select external managers for its Asian fixed income mandates.

The tender is open for the institutional asset management firms having total assets under management not less than USD 300 billion as of December 31, 2013, with minimum of 3 years of track record in Asian fixed income market and currently managing assets for the central banks or sovereign wealth funds.

The CBA will send by e-mail and certified mail a formal Request for Proposal (RFP) and accompanying bidding documents to all those who expressed interest and paid the bidding fee of USD 500 (five hundred). The bidding fee shall be paid to the Central Bank of the Republic of Azerbaijan (SWIFT: NABZAZ2X), Account No. 021088221 with Federal Reserves Bank of New York, New York (SWIFT: FRNYUS33).

The interested companies shall send following documents via certified mail and electronic mail by no later than 1st April, 2014:

1. Expression of interest (letter of participation);

2. Documents and information ascertaining the bidder’s compliance with the bidder qualification requirements stated above;

3. Properly asserted copies of legal documents confirming the bidder’s legal status (charter, certificate of state registration or extract from the registry, etc.);

4. The latest audited financial statements;

5. A document authorizing the responsible person to act as signatory.

The CBA has set 10th April, 2014 15:00 local time as a deadline for submission of the tender proposals in response to the RFP. Bids shall be sent to the address of the CBA at 32, R. Behbudov Avenue, Baku AZ1014, Azerbaijan. A bid guarantee shall be included with the bid in the form of a bank guarantee in an amount and the form specified in the RFP.

Opening of bids will take place at 11:00 local time on 11th April, 2014 at the administrative building of the CBA. The authorized representatives of companies can participate at the opening of bids.

The decision will be based on the total assessment of the managers’ ability to deliver sustainable positive risk-adjusted excess return. The basis for the assessment is an evaluation of the investment philosophy, investment process, the evidence that the process has generated positive risk-adjusted excess return, experience and stability of the investment team as well as the organization and the level of investment management cost. Diversification between investment processes across managers as well as the knowledge transfer and trainings provided to the CBA staff will also be considered during the assessment.

Activation date for mandates will be specified in the asset management agreements, at the discretion of the CBA.

Questions and enquiries regarding RFP shall be emailed to Tender_Asianfi@cbar.az or faxed to (994 12) 498-0363 to the attention of Ms. Nigar Mammadova, Director of Market Operations Department.

Information on the CBA can be obtained from the CBA’s official website at www.cbar.az