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Placement of short-term notes held

02 October 2008 14:47 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. On October 02, 2008 an auction on placement of short-term notes of National Bank with the state registration number 50103919S, total volume AZN 50,000,000, volume put-up to the auction AZN 30, 000, 000, face value per note AZN 200, and turnover period 27 days was carried out on Baku Stock Exchange.
Total volume of orders submitted by 8 investors made AZN 21.464.600 at face value.
Orders were presented in price range from 99.19% (YTM â€“ 10.89%) to 99.28% (YTM â€“ 9.67%).
National Bank set cut off price on competitive orders in the amount of 99.21% (YTM â€“ 10.62%) and weighted average price in the amount of 99.24% (YTM â€“ 10.21%). Volume of Notes realized at face value formed AZN 20.759.400, including noncompetitive orders of AZN 2.187.600.
The maturity date of Notes is October 29, 2008.