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AZN 5 million worth of short-term notes realized

01 April 2009 13:18 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. On April 01, 2009 an auction on placement of short-term notes of National Bank with the state registration number 50101221S, total volume AZN 20 000 000, volume put-up to the auction AZN 5 000 000, face value per note AZN 200, and turnover period 28 days was carried out on Baku Stock Exchange.
Total volume of orders submitted by 3 investors made AZN 16 745 000 at face value.
Orders were presented in price range from 99.79% (YTM â€“ 2.71%) to 99.81% (YTM â€“ 2.45%).
National Bank set cut off price on competitive orders in the amount of 99.81% (YTM â€“ 2.45%) and weighted average price in the amount of 99.81% (YTM â€“ 2.45%). Volume of Notes realized at face value formed AZN 5 000 000, including noncompetitive orders of AZN 1 000 000.
The maturity date of Notes is April 29, 2009.