Short-term notes of AZN 20 million realized

Short-term notes of AZN 20 million realized
# 16 October 2008 15:45 (UTC +04:00)
Baku. Vugar Mustafayev – APA-Economics. On October 16, 2008 an auction on placement of short-term notes of National Bank with the state registration number 50104119S, total volume AZN 50,000,000, volume put-up to the auction AZN 20, 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 7 investors made AZN 28.395.600 at face value.
Orders were presented in price range from 99.18% (YTM – 11.02%) to 99.32% (YTM – 9.13%).
National Bank set cut off price on competitive orders in the amount of 99.28% (YTM – 9.67%) and weighted average price in the amount of 99.30% (YTM – 9.40%). Volume of Notes realized at face value formed AZN 20.000.000, including noncompetitive orders of AZN 1.672.600.
The maturity date of Notes is November 12, 2008.
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THE OPERATION IS BEING PERFORMED