Auction on CB Notes placement held

Baku. Nijat Mustafayev – APA-Economics. On February 24, 2010 an auction on placement of short-term notes of Central Bank with the state registration number 50100825S, total volume AZN 5 000 000, volume put-up to the auction AZN 4 000 000, face value per note AZN 100, and turnover period 33 days was carried out on Baku Stock Exchange.
Total volume of orders submitted by 3 investors made AZN 38 916 200 at face value.
The orders were submitted with the 99.9088% (YTM 1.00%) price.
Central Bank set cut off price on competitive orders in the amount of 99.9088% (YTM – 1.00%) and weighted average price in the amount of 99.9088% (YTM – 1.00%).
Volume of Notes realized at face value formed AZN 4 000 000, including noncompetitive orders of AZN 800 300
The maturity date of Notes is March 29, 2010.
Total volume of orders submitted by 3 investors made AZN 38 916 200 at face value.
The orders were submitted with the 99.9088% (YTM 1.00%) price.
Central Bank set cut off price on competitive orders in the amount of 99.9088% (YTM – 1.00%) and weighted average price in the amount of 99.9088% (YTM – 1.00%).
Volume of Notes realized at face value formed AZN 4 000 000, including noncompetitive orders of AZN 800 300
The maturity date of Notes is March 29, 2010.