CBA accepts to conduct deposit auction at Bloomberg's trading platform

  28 August 2020    Read: 1046
CBA accepts to conduct deposit auction at Bloomberg

The Central Bank of Azerbaijan (CBA) will hold another deposit auction on August 31.

The auction will be held on the Bloomberg trading platform in the format of a hybrid auction from 11:00 to 11:15 (GMT+4). The CBA plans to put up 100 million manat ($58 million) for auction, while the amount may increase from the announced one during the auction by no more than 20 percent.

The interest rate on deposits will vary in the range of 6.26 - 6.74 percent. The term for placing funds is 14 days.

The CBA began to hold deposit auctions in mid-June 2016.

 

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