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Placing of T-bills takes place at Baku Stock Exchange

11 March 2009 08:18 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. On March 10, 2009 placement of T-bills of Ministry of Finance with the state registration number 10301722S was carried out at Baku Stock Exchange.
The volume of submitted bid by 3 investors was AZN 3 778 400 at face value.
The bid was submitted in the price range of 96.63% (YTM 6.99%) and 96.80% (YTM 6.63%).
The Ministry of Finance set the cut off price in the amount of 96.63% and the weighted average price in the amount of 96.70% (YTM 6.84%). The volume of T-bills realized at face value was AZN 3 778 400 including uncompetitive bids of AZN 225 000.
The maturity date of T-bills is September 10, 2009.