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Placement of notes held

12 November 2008 14:49 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Baku Stock Exchange has held an auction on placement of short-term notes of National Bank with the state registration number 50104519S, 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 28 days.
The total volume of orders submitted by 8 investors made AZN 40 959 400 at face value.
Orders were presented in price range from 99.34% (YTM â€“ 8.54%) to 99.69% (YTM â€“ 4.00%).
National Bank set cut off price on competitive orders in the amount of 99.37% (YTM â€“ 9.15%) and weighted average price in the amount of 99.41% (YTM â€“ 7.63%). Volume of Notes realized at face value formed AZN 30 million, including noncompetitive orders of AZN 4.782 million.
The maturity date of Notes is December 10, 2008.