T-bills auction fell through

T-bills auction fell through
# 19 May 2009 15:27 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. On May 19, 2009 placement of T-bills of Ministry of Finance with the state registration number 10503522S was carried out at Baku Stock Exchange.

Total volume of orders submitted by 2 investors made AZN 2 000 000 at face value
The bid was submitted with the 92.19% (YTM 8.49%) price.
The Ministry of Finance declared the auction ineffective.
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THE OPERATION IS BEING PERFORMED