TODAY.AZ / Business

National Bank held auction on short-term bonds

06 July 2006 [01:57] - TODAY.AZ
An auction on placement of short-term bonds of National Bank with the state registration number 50102712S was held at Baku Stock Exchange on Wednesday.

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.


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