Bank Of Baku

Placement of AZN 1 658 800 T-bills held

Placement of AZN 1 658 800 T-bills held
# 26 August 2008 16:24 (UTC +04:00)
Baku. Nijat Mustafayev-APA-Economics. On August 26, 2008 placement of T-bills of Ministry of Finance with the state registration number 10305520S was carried out at Baku Stock Exchange.
The volume of submitted bid by 1 participator was 1 658 800 AZN at face value.
The bid was submitted with the 94.60% (YTM 11.45%) price.
The Ministry of Finance set the cut off price in the amount of 94.60% (YTM 11.45%) and the weighted average price in the amount of 94.60% (YTM 11.45%). The volume of T-bills realized at face value was AZN 1 658 800, including noncompetitive orders of AZN 272 800.
The maturity date of T-bills is February 24, 2009.
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