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AZN 30 million worth of short-term notes realized

04 February 2009 13:31 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. An auction on placement of short-term notes of National Bank with the state registration number 50100521S, 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 was carried out on Baku Stock Exchange.
Total volume of orders submitted by 6 investors made AZN 47 456 000 at face value.
Orders were presented in price range from 99.69% (YTM â€“ 4.00%) to 99.80% (YTM â€“ 2.58%).
National Bank set cut off price on competitive orders in the amount of 99.75% (YTM â€“ 3.22%) and weighted average price in the amount of 99.76% (YTM â€“ 3.09%). Volume of Notes realized at face value formed AZN 30 000 000, including noncompetitive orders of AZN 5 995 400.
The maturity date of Notes is March 04, 2009.