FINANCE MINISTRY HOLDS AUCTION ONLY T-BILLS
The Azerbaijani Ministry of Finances held an auction on the placement of the 10th issue of the T-bills. The Baku Stock Exchange told Trend that the trading session was held T-bills registered as 10101108S. The total amount of the issue is 30bn manats, the clearing off date - 31 days with a deadline on 23 September 2005.
The bids submitted by 8 investors amounted to 26,895m manats in the price diapason from 99.16% (profitability of 10.66%) to 99.19% (10.27%). The bids were fully satisfied. The amount of uncompetitive applications on nominal made up 3,021m manats. The cross prices was defined by the Finance Ministry as 99.16% (10.66%), while average вЂ" 99.16% (10.66%).
Thus, this year the Finance Ministry announced T-bills in the amount of 310bn manats, or 77.5% of registered T-bills (400bn manats) in the State Committee on Securities for 2005. However, the Finance Ministry placed notes for 131,044bn manats or 42.27% of the total issue of T-bills (including the 10th issue).