Azerbaijan, Baku / Trend / On November 21, an auction on placement of short-term notes of the National Bank with a state registration number of 50100418S, total volume AZN 40,000,000, and a turnover period of 28 days was carried out on the Baku Stock Exchange.
The total volume of orders submitted by nine investors made AZN 29,311,000 at face value. Orders were presented in a price range from 99.23% (YTM - 9.98%) to 99.38% (YTM - 8.02%). The National Bank set a cut off price on competitive orders in the amount of 99.23% (YTM - 9.98%) and weighted average price in the amount of 99.31% (YTM - 8.93%). The Volume of Notes realized at face value formed AZN 29,311,000, including non-competitive orders of AZN 553,400.
The maturity date of Notes is December 19, 2007.