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National Bank of Azerbaijan held auction

Business Materials 10 November 2005 16:10 (UTC +04:00)

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.

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