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Auction for callable government bonds fixed for tomorrow

09 November 2009 13:49 (UTC +04:00)

Baku-APA-Economics. On November 10, 2009 from 11:00 am till 12:30 pm the auction for placement of one-year callable government bonds (CGB) will be held at BSE.

State registration number	10500224S
The volume of the isue	AZN 25 000 000
Face value	АZN 200
Interest rate	5 %
Term of circulation	364 days
Interest payment dates	11.05.2010
Interest payment dates	09.11.2010
The maturity date	09.11.2010

Noncompetitive bids not exceeding 20% of the issue volume are allowed at the auction.

The Ministry of Finance, as the issuer, has the right not to admit the bid if the total volume of orders for bonds purchase submitted by auction participants is less than 30% of bond volume put up for auction by Issuer.