National Bank of Azerbaijan held auction on notes
The National Bank of Azerbaijan held an auction on placement of short-term notes. The subject of the auction were short-term notes of the National Bank of Azerbaijan (NBA) under the state registration number 50100611S, the Baku Stock Exchange (BSE) told Trend.
The volume of the emission is 60 billion AZM (12 million of denominated AZM), the nominal of 1 note is 1 million AZM (200 denominated AZM). The period of circulation for notes is 28 days.
The volume of placement was 41 789 000 000 AZM by the nominal (8 357 800 denominated AZM). Applications in the volume of 55 924 000 000 AZM (11 184 800 denominated AZM) were sold at the range of 99.04% (yield is 46%) to 99,09% (yield вЂ" 11.81%). The maturity date for the notes is 30 November 2005.
Thus, in 2005 NBA through 45 issues put on sale notes 1235 billion AZM.