Placement of short-term notes held

Placement of short-term notes held
# 18 December 2008 10:32 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Baku Stock Exchange has held an auction on placement of short-term notes of National Bank with the state registration number 50105019S, total volume AZN 50 000 000, volume put-up to the auction AZN 40 000 000, face value per note AZN 200, and turnover period 28 days.
The total volume of orders submitted by 6 investors made AZN 42 690 400 at face value.
Orders were presented in price range from 99.61% (YTM – 5.03%) to 99.69% (YTM – 4.00%).
National Bank set cut off price on competitive orders in the amount of 99.67% (YTM – 4.26%) and weighted average price in the amount of 99.68% (YTM – 4.13%). Volume of Notes realized at face value formed AZN 40 million, including noncompetitive orders of AZN 6 156 400.
The maturity date of Notes is January 14, 2009.
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THE OPERATION IS BEING PERFORMED