Placement of short-term notes held

Placement of short-term notes held
# 03 December 2008 12:53 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. On December 03, 2008 an auction on placement of short-term notes of National Bank with the state registration number 50104819S, total volume AZN 50 000 000, volume put-up to the auction AZN 40 000 000, 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 56 777 200 at face value.
Orders were presented in price range from 99.27% to 99.70%.
National Bank set cut off price on competitive orders in the amount of 99.64% (YTM – 4.82%) and weighted average price in the amount of 99.67% (YTM – 4.41%). Volume of Notes realized at face value formed AZN 40 000 000, including noncompetitive orders of AZN 7 934 600.
The maturity date of Notes is December 30, 2008.
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THE OPERATION IS BEING PERFORMED