Placement of short-term notes held

Placement of short-term notes held
# 24 December 2008 12:40 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. An auction on placement of short-term notes of National Bank with the state registration number 50105119S, 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 28 days was carried out on Baku Stock Exchange.
Total volume of orders submitted by 8 investors made AZN 57 232 600 at face value.
Orders were presented in price range from 99.39% (YTM – 7.89%) to 99.71% (YTM – 3.74%).
National Bank set cut off price on competitive orders in the amount of 99.57% (YTM – 5.55%) and weighted average price in the amount of 99.60% (YTM – 5.16%). Volume of Notes realized at face value formed AZN 40 000 000, including noncompetitive orders of AZN 6 108 800.
The maturity date of Notes is January 21, 2009.


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THE OPERATION IS BEING PERFORMED