Bank Of Baku

Placement of notes held

Placement of notes held
# 27 August 2008 14:59 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. On August 27, 2008 an auction on placement of short-term notes of National Bank with the state registration number 50103419S, total volume AZN 30,000,000, volume put-up to the auction AZN 20, 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 8 investors made AZN 12.647.200 at face value.
Orders were presented in price range from 99.08% (YTM – 11.94%) to 99.15% (YTM – 11.02%).
National Bank set cut off price on competitive orders in the amount of 99.08% (YTM – 11.94%) and weighted average price in the amount of 99.12% (YTM – 11.41%). Volume of Notes realized at face value formed AZN 12.647.200, including noncompetitive orders of AZN 200.
The maturity date of Notes is September 24, 2008.
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THE OPERATION IS BEING PERFORMED