CGB placement

CGB placement
# 24 May 2010 14:50 (UTC +04:00)
On May 25, 2010 from 11:00 am till 12:30 pm the auction for placement of one-year callable government bonds (CGB) will be held at BSE.

Emitent

Azerbaijan Ministry of Finance

Type of valuable paper

CGB

State registration number

10501028S

Date of Auction

25.05.2010

The volume of the issue (mln. AZN)

4

Face value (AZN)

100

Interest rate (%)

3,75

Term of circulation (days)

364

Interest payment dates

23.11.2010

24.05.2011

The maturity date

24.05.2011



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

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.
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THE OPERATION IS BEING PERFORMED