National Bank held auction on short-term bonds

BSE told APA that total volume of bids submitted by the 10 investors made 18,074,000 manats at face value. Bids were presented in price range from 98.98% (YTM – 13.25%) to 99.07% (YTM – 12.07%). National Bank set cut off price on competitive bids in the amount of 98.98% (YTM – 13.25%) and weighted average price in the amount of 99.01% (YTM – 12.86%). Volume of bonds realized at face value formed AZN 18.074mn, including noncompetitive bids of AZN 1.292mn. The maturity date of notes is August 02, 2006.