Azerbaijan, Baku, 23 January / Trend / On 23Jan 2008, an auction on placement of the short-term notes of National Bank, with the state registration number 50100319S with the total volume AZN 50,000,000, but AZN 32, 000, 000volume put-up in auction, face value per note AZN 200, and turnover period 28 days, was carried out in the Baku Stock Exchange.
The total volume of orders submitted by 8 investors made AZN 59.984.400 at the face value. The orders were presented in price range from 99.11% (YTM - 11.55%) to 99.18% (YTM - 10.63%). The National Bank has set a cut off price in the competitive orders totaling 99.16% (YTM - 10.89%) and weighted average price in the amount of 99.18% (YTM - 10.63%). The Volume of Notes realized at the face value, formed AZN 32.000.000. The maturity date of Notes is 20Feb 2008.