AZN 38 million short-term notes placed on Baku Stock Exchange

AZN 38 million short-term notes placed on Baku Stock Exchange
# 10 December 2008 12:36 (UTC +04:00)
Baku. Vugar Mustafayev – APA-Economics. On December 10, 2008 an auction on placement of short-term notes of National Bank with the state registration number 50104919S, total volume AZN 50 000 000, volume put-up to the auction AZN 38 000 000, face value per note AZN 200, and turnover period 28 days was carried out on Baku Stock Exchange.
Total volume of orders submitted by 8 investors made AZN 43 443 200 at face value.
Orders were presented in price range from 99.39% (YTM – 7.89%) to 99.69% (YTM – 4.00%).
National Bank set cut off price on competitive orders in the amount of 99.64% (YTM – 4.65%) and weighted average price in the amount of 99.67% (YTM – 4.26%). Volume of Notes realized at face value formed AZN 38 000 000, including noncompetitive orders of AZN 6 416 400.
The maturity date of Notes is January 07, 2009.
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THE OPERATION IS BEING PERFORMED