Additional T-bills placement fell through at Baku Stock Exchange

Additional T-bills placement fell through at Baku Stock Exchange
# 05 November 2008 10:01 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. On November 4, 2008 placement of T-bills of Ministry of Finance with the state registration number 10305820S was carried out at Baku Stock Exchange.
The volume of submitted bid by 1 investor was 270 600 AZN at face value.
The bid was submitted with the 95.65% (YTM 11.07%) price.
The auction was considered ineffective because the bid didn’t satisfy the issuer.
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