Bank Of Baku

Baku Stock Exchange carries out placement of AZN 1.952.800 -T-bills

Baku Stock Exchange carries out placement of AZN 1.952.800 -T-bills
# 05 August 2008 00:51 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. A placement of T-bills of Ministry of Finance with the state registration number 10302720S was carried out at Baku Stock Exchange.
Baku Stock Exchange told APA-Economics that total volume of orders submitted by 2 investors made AZN 1.952.800 at face value.
The bid was submitted with the 96.57% (YTM 11.47%) price.
The Ministry of Finance set the cut off price in the amount of 96.57% (YTM 11.47%) and the weighted average price in the amount of 96.57% (YTM 11.47%). The volume of T-bills realized at face value was AZN 1.952.800.
The maturity date of T-bills is November 25, 2008.
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THE OPERATION IS BEING PERFORMED