Bank Of Baku

T-bills placement auction takes place

T-bills placement auction takes place
# 19 February 2009 09:54 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. On February 18, 2009 additional placement of T-bills of Ministry of Finance with the state registration number 10300922S was carried out at Baku Stock Exchange.
The volume of submitted bid by 1 participator was 2 140 000 AZN at face value.
The bid was submitted with the 96.83% (YTM 6.87%) price.
The Ministry of Finance set the cut off price in the amount of 96.83% (YTM 6.87%) and the weighted average price in the amount of 96.83% (YTM 6.87%). The volume of T-bills realized at face value was AZN 2 140 000.
The maturity date of T-bills is August 11, 2009.
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THE OPERATION IS BEING PERFORMED