T-bills placed on Baku Stock Exchange

T-bills placed on Baku Stock Exchange
# 21 February 2007 09:44 (UTC +04:00)
Baku Stock Exchange held an auction for placement of T-bills of Ministry of Finance on February 20.
The total amount was AZN 2,000,000, face value per bond was AZN 200, and turnover period was 182 days.
The BSE told APA that the amount of submitted bids by 2 participators was AZN 1,811,600 at face value. Orders were submitted in price range from 95.24% (YTM – 10.02%) to 95.25% (YTM – 10.00%). The Ministry of Finance set the cut off price in the amount of 95.24% (YTM – 10.02%) and the weighted average price in the amount of 95.24% (YTM – 10.02%). The volume of T-bills realized at face value was AZN 1,811,600, including AZN 88,800 of noncompetitive bids.
The maturity date of T-bills is August 21, 2007. /APA/

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