National Bank of Azerbaijan announced auction on notes

Business Materials 14 November 2005 15:34 (UTC +04:00)

The National Bank of Azerbaijan announced the auction on placement of short-term notes. The subject of the auction will be short-term notes of the National Bank of Azerbaijan (NBA) under the state registration number 50100811S, the Baku Stock Exchange told Trend.

The volume of the emission is 50 billion AZM. The circulation period will be 28 days and the maturity date is scheduled for 14 December. The auction will be held on 16 November.

Thus, NBA put on sale notes for 1335 billion AZM through 47 issues (66,75% of the emission registered for the year in the amount of 2 trillion AZM) and involved only 720,177 billion AZM through 46 issues.