National Bank of Azerbaijan placed notes totaling 5.01 million manats today

As APA reports, 5 investors participated in the auction. General volume of orders at face-value formed 5.01 million manats. Orders were submitted in price range from 99.11% (rate of return – 11.55%) to 99.14% (rate of return – 11.55%).

The National Bank set cut off price of notes on competitive orders in amount of 99.12% (rate of return – 11.41%) and weighted average price in amount of 99.13% (rate of return –11.41%). Volume of notes realized at face-value was determined in amount of 5.01 million manats including non-competitive orders totaling 625.5 thousand manats. Maturity date of notes is February 15, 2005.