NATIONAL BANK OF AZERBAIJAN HELD AUCTION
The National Bank of Azerbaijan held an auction on sale of short-term notes on 29 August 2005. The auction was the 34th one for the current year, the Baku Stock Exchange (BSE) told Trend. The subject of the auction was emission notes of the second prospect note under the registration number 50101210S.
Notes in total volumes of 30 billion manats were placed at the auction within this emission, which circulation term was 30 days, and the maturity date will be on 28 September.
The auctionвЂ™s participants applied for 18,179 billion manats. The applications were made within the price range 99,14% (rate of return 10,41%) вЂ" 99,15% (10,29%). The cut off price was 99,14% (rate of return 10,41%), average price - 99,15% (10,29%).
It should be noted, the NBA registered placement of two prospects of notes emission in total volume of 1 trillion AZM (per 500 billion AZM) for the current year.