Auction on Placement of Short-Term Notes Takes Place at Baku Stock Exchange
Azerbaijan, Baku / Trend / On 1 August 2007, an auction on placement of short-term notes of the National Bank with the state registration number 50103017S, total volume AZN 50mln, with a face value per note of AZN 200, and turnover period of twenty-eight days was carried out.
The total volume of orders submitted by fifteen investors came to AZN 81.2mln at its face value. Orders were presented in the price range from 99.14% (YTM - 11.15%) to 99.20% (YTM - 10.37%). The National Bank set the cut off price on competitive orders in the amount of 99.19% (YTM - 10.50%) and weighted average price in the amount of 99.19% (YTM - 10.50%). The volume of notes realized at the face value came to AZN 40.612mln, including noncompetitive orders of AZN 6,228,600.
The maturity date of the notes is 29 August 2007.