Azerbaijan, Baku, 19 March / Trend / On 19March 2008, an auction on placement of short-term notes of National Bank- with the state registration number 50101119S, total volume AZN 35,000,000, volume put-up to the auction AZN 35,000,000, face value per note AZN 200, and turnover period 28 days, was carried out at Baku Stock Exchange.
Total volume of orders submitted by 7 investors made AZN 54,476,600 at the face value.
Orders were presented in price- ranging from 99.15% (YTM - 11.02%) to 99.42% (YTM - 7.50%).
National Bank set cut off price on competitive orders in the amount of 99.28% (YTM - 9.32%) and weighted average price in the amount of 99.31% (YTM - 8.93%). Volume of Notes realized at face value formed AZN 35,000,000, including noncompetitive orders of AZN 1,690,400.
The maturity date of Notes is April 16, 2008.