Azerbaijan, Baku / Trend / On 26 September 2007 an auction on placement of short-term notes of the National Bank with the state registration number 50103916S, total volume AZN 55,000,000, volume put-up in auction AZN 45,000,000, face value per note AZN 200, and turnover period of twenty-eight days was carried out at the Baku Stock Exchange.
The total volume of orders submitted by nine investors made AZN 49,304,400 at face value. Orders were presented in the price range from 99.46% (YTM - 6.98%) to 99.54% (YTM - 5.94%). The National Bank set the cut-off price on competitive orders in the amount of 99.51% (YTM - 6.33%) and weighted average price in the amount of 99.52% (YTM - 6.20%). Volume of Notes realized at face value formed AZN 45,000,000, including noncompetitive orders of AZN 3,172,000.
The maturity date of the Notes is 24 October 2007.