National Bank placed short-term public bonds in amount of AZN8 million in auction held in BSE

According to the information given to APA from BSE, 9 investors participated in the auction. Total volume of orders formed AZN10240800 at face-value. Orders were submitted in price range from 99.14% (rate of return – 11.15%) to 99.16% (rate of return – 10.89%). The National Bank set cut off price of bonds on competitive orders in amount of 99.14% (rate of return – 11.15%) and weighted average price in amount of 99.15% (rate of return – 11.02%).

Volume of bonds realized at face-value was determined in amount of AZN8 million including non-competitive orders totaling AZN1420 thousand. Maturity date of bonds is March 1, 2006.