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Baku Stock Exchange Holds Placement of T-bills

Business Materials 14 September 2007 19:12 (UTC +04:00)

Azerbaijan, Baku / Trend / On 14 September 2007 an additional placement of T-bills by the Ministry of Finance with the state registration number 10503715S was carried out at the Baku Stock Exchange.

The volume of submitted orders by two participators was AZN 648,800 at face value. Orders were submitted in the price range from 90.46% (YTM - 11.00%) to 92.08% (YTM - 8.97%). The Ministry of Finance set the cut off price in the amount of 90.85% (YTM - 10.50%) and the weighted average price in the amount of 91.18% (YTM - 10.09%). The volume of T-bills realized at face value was AZN 374,200.

The maturity date of the T-bills is 29 September 2008.

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