Bank Of Baku

T-Notes placement On July 16, 2010 from 11:00 to 12:30 an auction on placement of T-Notes will be held at the BSE.

T-Notes placement  On July 16, 2010 from 11:00 to 12:30 an auction on placement of T-Notes will be held at the BSE.
# 12 July 2010 11:49 (UTC +04:00)

 

Issuer

 

Azerbaijan Ministry of Finance

 

Type of securities

 

State short-term bonds

 

State registration number

 

10801827S

 

Date of auction

 

16.07.2010

 

Volume of issue (mln. AZN)

 

2

 

Face value (AZN)

 

100

 

Term of circulation (days)

 

1 092

Interest rate

 

4,5%

 

The maturity date

 

12.07.2013

Interest payment date:

14.01.2011

 

15.07.2011

 

13.01.2012

 

13.07.2012

 

11.01.2013

 

12.07.2013



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