Bank Of Baku

CGB placement

CGB placement
# 22 October 2010 07:49 (UTC +04:00)
On October 29, 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 (CGB)

 

State registration number

 

10502028S

 

Date of auction

 

29.10.2010

 

The volume of the issue (mln. AZN)

 

4

 

Face value (AZN)

 

100

 

Interest rate (%)

 

4,00

 

Term of circulation (days)

 

364

Interest payment date

29.04.11

 

28.10.11

The maturity date

28.10.2011



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