CGB placement

CGB placement
# 23 July 2010 15:41 (UTC +04:00)
On July 27, 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.

Issuer

Ministry of Finance

Type of Securities

callable government bonds

State registration number

10501428S

Date of auction

27.07.2010

Volume of the issue (mln. AZN)

4

Face value (AZN)

100

Interest rate (%)

3,75

Term of circulation (days)

364

Interest payment date

25.01.11

26.07.11

The maturity date

26.07.2011



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