Azrebaijan, Baku / Trend / On 14 November 2007 an auction on the placement of short-term notes of the National Bank with the state registration number 50100318S, with a total volume of AZN 50,000,000, put-up in auction at AZN 40,000,000, face value per note AZN 200, and a turnover period of 28 days was carried out on Baku Stock Exchange.
The total volume of orders submitted by 9 investors made up AZN 36,760,800 at face value. Orders were presented in price range from 99.32% (YTM - 8.80%) to 99.42% (YTM - 7.50%). The National Bank set a cut off price on competitive orders in the amount of 99.32% (YTM - 8.80%) and weighted average price in the amount of 99.37% (YTM - 8.15%). The volume of Notes realized at face value formed AZN 36,760800, including noncompetitive orders of AZN 2,817,600.
The maturity date of the Notes is 12 December 2007.