Placement of short-term notes held

Placement of short-term notes held
# 22 October 2008 14:00 (UTC +04:00)
Baku. Vugar Mustafayev – APA-Economics. On October 22, 2008 an auction on placement of short-term notes of National Bank with the state registration number 50104219S, total volume AZN 50 000 000, volume put-up to the auction AZN 25 000 000, face value per note AZN 200, and turnover period 28 days was carried out on Baku Stock Exchange.
Total volume of orders submitted by 13 investors made AZN 73 464 000 at face value.
Orders were presented in price range from 99.25% (YTM – 9.72%) to 99.36% (YTM – 8.28%).
National Bank set cut off price on competitive orders in the amount of 99.34% (YTM – 8.54%) and weighted average price in the amount of 99.35% (YTM – 8.41%). Volume of Notes realized at face value formed AZN 25 000 000, including noncompetitive orders of AZN 4 999 200.
The maturity date of Notes is November 19, 2008.
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THE OPERATION IS BEING PERFORMED