Baku Stock Exchange Holds Auction on Placement of NBA’s Notes
Azerbaijan, Baku / Trend / On 5 September 2007 an auction on the placement of short-term notes of the National Bank of Azerbaijan with the state registration number 50103616S, a total volume AZN 50,000,000, volume put-up in auction of AZN 35,000,000, a face value per note of AZN 200, and turnover period of twenty-eight days was carried out at the Baku Stock Exchange.
The total volume of orders submitted by nine investors came to a face value of AZN 46,826,200. Orders were presented in the price range of 99.38% (YTM - 8.02%) to 99.55% (YTM - 5.81%). The National Bank set the cut-off price on competitive orders in the amount of 99.51% (YTM - 6.33%) and weighted average price in the amount of 99.52% (YTM - 6.20%). The volume of Notes realized at face value formed AZN 35,000,000, including non-competitive orders at AZN 2,716,600.
The maturity date of the Notes is 3 October 2007.