Auction on Placement of Short-Term Notes of National Bank of Azerbaijan
Azerbaijan, Baku / Trend / On 10 October 2007, an auction on placement of short-term notes of National Bank of Azerbaijan with the state registration number 50104116S, total volume AZN 80,000,000, volume put-up in auction AZN 70,000,000, face value per note AZN 200, and turnover period of 28 days was carried out at the Baku Stock Exchange.
The total volume of orders submitted by 6 investors made AZN 95,164,000 at face value. Orders were presented in the price range from 99.51% (YTM - 6.33%) to 99.53% (YTM - 6.07%). 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 99.53% (YTM - 6.07%). Volume of Notes realized at face value formed AZN 70,000,000, including noncompetitive orders of AZN 2,279,000.
The maturity date of the Notes is 7 November 2007.