Azerbaijan, Baku, 20 February / Trend / On 20 February, 2008 an auction on placement of short-term notes of National Bank -with the state registration number 50100719S, total volume AZN 40,000,000, volume put-up at the auction AZN 25,000,000, AZN 200 as the face value per note, and turnover period 28 days was carried out at Baku Stock Exchange.
Total volume of orders submitted by 6 investors made AZN 59,545,000 at the face value.
Orders were presented in price range from 99.15% (YTM - 11.02%) to 99.19% (YTM - 10.50%).
National Bank set 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%). Volume of Notes realized at face value comprised AZN 24,797,500, including noncompetitive orders of AZN 844,400.
The maturity date of Notes is 19 March, 2008.