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Placement of short-term notes held on Baku Stock Exchange

24 September 2008 13:30 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. On September 24, 2008 an auction on placement of short-term notes of National Bank with the state registration number 50103819S, total volume AZN 40,000,000, volume put-up to the auction AZN 30, 000, 000, face value per note AZN 200, and turnover period 28 days was carried out on Baku Stock Exchange.
Total volume of orders submitted by 9 investors made AZN 33.222.200 at face value.
Orders were presented in price range from 99.12% (YTM â€“ 11.41%) to 99.28% (YTM â€“ 9.32%).
National Bank set cut off price on competitive orders in the amount of 99.19% (YTM â€“ 10.50%) and weighted average price in the amount of 99.27% (YTM â€“ 9.45%). Volume of Notes realized at face value formed AZN 30.000.000, including noncompetitive orders of AZN 2.564.200.
The maturity date of Notes is October 22, 2008.