Auction on placement of T-bills held at BSE

Volume of the issue is AZN 4,000,000, face value per note AZN 200, turnover period 94 days.

As APA reports, the volume of submitted orders by four investors was 2,810,000 manats at face value. Orders were submitted in price range from 96.76% (YTM – 13.00%) to 97.03% (YTM – 11.89%).

The Ministry of Finance set the cut off price in the amount of 96.76% (YTM – 13.00%), and the weighted average price in the amount of 96.90% (YTM – 12.42%).

The volume of T-bills realized at face value was 2,810,000 manats, including 274,000 manats of noncompetitive bids. The maturity date of T-bills is January 4, 2007.