TODAY.AZ / Business

Short-term notes of the National Bank go on sale at Baku State Exchange

28 October 2005 [17:21] - TODAY.AZ
An auction on placement of short-term notes of the National Bank with the 50100511S state registration number was held at the Baku Stock Exchange (BSE) today.

Five investors participated in the auction. The general volume of the orders at face-value formed 54 milliard 472 million manats.

The orders were submitted in price range from 99.07 %(YTM – 12,59 % annual) to 99.07 %(YTM – 12.07 %). The National Bank set cut off price of notes on competitive orders in amount of 99,07 % (YTM – 12.07 %) and weighted average price in amount of 99.07 %(YTM –12.07 %).

The volume of notes realized at face-value was determined in amount of 2 milliard 218 million manats, including non-competitive orders in amount of 6 milliard 344 million manats.

It should be noted that the expiration date of notes is November 23



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