Placement of short-term notes held

Baku. Nijat Mustafayev – APA-Economics. On December 30, 2008 an auction on placement of short-term notes of National Bank with the state registration number 50105219S, 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 29 days was carried out on Baku Stock Exchange.
Total volume of orders submitted by 6 investors made AZN 31 876 600 at face value.
Orders were presented in price range from 99.56% (YTM – 5.49%) to 99.68% (YTM – 3.99%).
National Bank set cut off price on competitive orders in the amount of 99.56% (YTM – 5.49%) and weighted average price in the amount of 99.62% (YTM – 4.74%). Volume of Notes realized at face value formed AZN 31 876 600, including noncompetitive orders of AZN 3 219 000.
The maturity date of Notes is January 28, 2009.
Total volume of orders submitted by 6 investors made AZN 31 876 600 at face value.
Orders were presented in price range from 99.56% (YTM – 5.49%) to 99.68% (YTM – 3.99%).
National Bank set cut off price on competitive orders in the amount of 99.56% (YTM – 5.49%) and weighted average price in the amount of 99.62% (YTM – 4.74%). Volume of Notes realized at face value formed AZN 31 876 600, including noncompetitive orders of AZN 3 219 000.
The maturity date of Notes is January 28, 2009.