TODAY.AZ / Business

National Bank short-term notes go on sale at Baku Stock Exchange

24 November 2005 [12:36] - TODAY.AZ
An auction on placement of short-term notes of the National Bank with the 50100911S state registration number was held at the Baku Stock Exchange (BSE) yesterday.

According to the information given to APA from BSE, 5 investors participated in the auction. The general volume of the orders at face-value formed 23395 million manats. The orders were submitted in price range from 99.08 % (YTM – 11,94 % annual) to 99.09% (YTM – 11.81 %). The National Bank set cut off price of notes on competitive orders in amount of 99,08 % (YTM – 11.94 %) and weighted average price in amount of 99.08 % (YTM –11.94 %).

The volume of notes realized at face-value was determined in amount of 4036 million manats, including non-competitive orders in amount of 23395 million manats. Maturity date of notes is December 21, 2005.



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