National Bank of Azerbaijan held auction
The National Bank of Azerbaijan (NBA) held an auction on sale of short-term notes. The subject of the auction was short-term notes of the NBA under the state registration number 50100711S.
The amount of replacement comprised 37,031bn manats (7,406,200 ANM). The applications were made within the price range 99.05% (rate of return 12.33%) вЂ" 99.09% (11.81%).
The cut off price was 99.07% (rate of return 12.07%), average price - 99.08% (11.94%).
The maturity date is on 7 December 2005.