Baku Stock Exchange Holds Auction on Placement of National Bank’s Notes
Azerbaijan, Baku, 2 April / Trend / On April 02, 2008 an auction on placement of short-term notes of National Bank with the state registration number 50101319S, total volume AZN 55,000,000, volume put-up to the auction AZN 50,000,000, face value per note AZN 200, and turnover period 28 days was carried out on Baku Stock Exchange.
Total volume of orders submitted by 13 investors made AZN 70,306,600 at face value.
Orders were presented in price range from 99.16% (YTM - 10.89%) to 99.29% (YTM - 9.19%).
National Bank set cut off price on competitive orders in the amount of 99.20% (YTM - 10.37%) and weighted average price in the amount of 99.21% (YTM - 10.24%). Volume of Notes realized at face value formed AZN 50,000,000, including noncompetitive orders of AZN 2,367,200.
The maturity date of Notes is April 30, 2008.