Bourse

Home page

Bourse

Baku Stock Exchange carries out placement of AZN 11.694.400 short-term notes of Azerbaijan National Bank

14 August 2008 02:58 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. On August 13, 2008 an auction on placement of short-term notes of National Bank with the state registration number 50103219S, total volume AZN 30,000,000, volume put-up to the auction AZN 20, 000, 000, face value per note AZN 200, and turnover period 28 days was carried out on Baku Stock Exchange.
Baku Stock Exchange told APA-Economics that total volume of orders submitted by 5 investors made AZN 12.202.400 at face value.
Orders were presented in price range from 99.17% (YTM â€“ 10.76%) to 99.03% (YTM â€“ 12.59%).
National Bank set cut off price on competitive orders in the amount of 99.08% (YTM â€“ 11.94%) and weighted average price in the amount of 99.13% (YTM â€“ 11.28%). Volume of Notes realized at face value formed AZN 11.694.400, including noncompetitive orders of AZN 582.200.
The maturity date of Notes is September 10, 2008.