Auction Held on Placement of Notes of National Bank of Azerbaijan at Baku Stock Exchange
Azerbaijan, Baku, 21 May / Trend / An auction on placement of short-term notes of National Bank with the state registration number 50102019S, total volume AZN 35,000,000, volume put-up at the auction AZN 25, 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 4 investors made AZN 7.216.800 at face value. Orders were presented in price range from 99.21% (YTM - 10.24%) to 99.23% (YTM - 9.98%).
National Bank set cut off price on competitive orders in the amount of 99.21% (YTM - 10.24%) and weighted average price in the amount of 99.22% (YTM - 10.11%). Volume of Notes realized at face value formed AZN 7.216.800, including noncompetitive orders of AZN 503.600.
The maturity date of Notes is June 18, 2008.