Auction on Placement of Azerbaijan National Bank’s Short-term Notes in Baku Stock Exchange
Azerbaijan, Baku / Trend / On September 12, 2007 an auction on placement of short-term notes of National Bank with the state registration number 50103716S, total volume AZN 75,000,000, volume put-up in auction AZN 65, 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 10 investors made AZN 76.379.000 at face value. Orders were presented in price range from 99.48% (YTM - 6.72%) to 99.57% (YTM - 5.55%). National Bank set cut off price on competitive orders in the amount of 99.51% (YTM - 6.33%) and weighted average price in the amount of 99.53% (YTM - 6.07%). Volume of Notes realized at face value formed AZN 65.000.000, including noncompetitive orders of AZN 4,489,600.
The maturity date of Notes is October 10, 2007.