Short-term Notes of Azerbaijani National Bank Placed on Baku Stock Exchange

Business Materials 28 November 2007 15:19 (UTC +04:00)

Azerbaijan, Baku / Trend / On November 28, 2007 an auction on placement of short-term notes of National Bank with the state registration number 50100518S, total volume AZN 50,000,000, volume put-up in auction AZN 45,000,000, face value per note AZN 200, and turnover period 28 days was carried out on Baku Stock Exchange.

Total volume of orders submitted by 7 investors made AZN 42.091.200 at face value. Orders were presented in price range from 99.08% (YTM - 11.94%) to 99.31% (YTM - 8.93%). National Bank set cut off price on competitive orders in the amount of 99.08% (YTM - 11.94%) and weighted average price in the amount of 99.19% (YTM - 10.50%). Volume of Notes realized at face value formed AZN 42.091.200.

The maturity date of Notes is December 26, 2007.