Bank Of Baku

Baku Stock Exchange carries out placement of AZN 2 732 000 T-bills of Finance Ministry

Baku Stock Exchange carries out placement of AZN 2 732 000 T-bills of Finance Ministry
# 06 August 2008 15:06 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. On August 06, 2008 additional placement of T-bills of Ministry of Finance with the state registration number 10303720S was carried out at Baku Stock Exchange.
Baku Stock Exchange told APA-Economics that the volume of submitted bid by 1 participator was 2 732 000 AZN at face value.
The bid was submitted with the 96.63% (YTM 11.47%) price.
The Ministry of Finance set the cut off price in the amount of 96.63% (YTM 11.47%) and the weighted average price in the amount of 96.63% (YTM 11.47%). The volume of T-bills realized at face value was AZN 2 732 000.
The maturity date of T-bills is November 25, 2008.
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THE OPERATION IS BEING PERFORMED