Placement of T-bills Takes Place on Baku Stock Exchange
Azerbaijan, Baku /corr. Trend U.Ismaylova / On 31 July 2007 placement of T-bills of Ministry of Finance with the state registration number 10303115S, total volume of AZN 5,000,000, face value per bond AZN 200, and turnover period 182 days was carried out on Baku Stock Exchange.
The volume of submitted orders by 7 participators was AZN 12 275 000 at face value. The orders were submitted within the 94.36% (YTM 11.99%) and 94.80% (YTM 11.00%) price interval. The Ministry of Finance set the cut off price on competitive orders in the amount of 94.71% (YTM 11.20%) and the weighted average price in the amount of 94.73% (YTM 11.16%). The volume of T-bills realized at face value was AZN 5 000 000. The maturity date of T-bills is 29 January 2008.