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Demand for short-notes declines in Azerbaijan

Demand for short-notes declines in Azerbaijan

06 February 2009 16:19 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. In fact, 65.1% of the short-term notes issued by the National Bank of Azerbaijan in 2008 were realized in parallel to a drop in the yield on notes.
The National Bank of Azerbaijan said AZN 1 647.3 million worth of short-term notes were realized through 51 auctions against the total issue of AZN 2 530 million.
At the same time, the average weighted yield on notes dropped to 4.7% per annum at the last auction from 10.9% in the first auction during 2008.

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