The National Bank of Azerbaijan (NBA) held an action on re-placement of emission
of short-term notes through the Baku Stock Exchange (BSEX). The subject of the re-placement was notes of 50100211S emission, the BSEX told Trend. The total volume of re-placement amounted to 3,027m manats. The maturity date for notes is 2 November 2005.
The initial placement of notes of 50100211S emission was carried out in October. The bids sold comprised 54,415m manats ranging from 98.99% (rate of return вЂ" 13.12%) up to 99.07% (rate of return вЂ" 12.07%). The NBA established the cross price at 99.04% (12.46%),, the average sustained price was 99,06% (12,2%). The volume of placement amounted to 31,129m manats.