OREANDA-NEWS. On July 04, 2007 an auction on placement of short-term notes of National Bank with the state registration number 50102716S, total volume 60,000,000 manats, face value per note 200 manats, and turnover period 28 days was carried out at Baku Stock Exchange, reported the press-centre of Baku Stock Exchange.

Total volume of bids submitted by the 12 investors made 43,332,200 manats at face value. Bids were presented in price range from 99,07% (YTM – 12,07%) to 99,11% (YTM – 11,55%).

National Bank set cut off price on competitive bids in the amount of 99,07% (YTM – 12,07%) and weighted average price in the amount of 99,09% (YTM – 11,81%). Volume of notes realized at face value formed 43,332,200 manats, including noncompetitive bids of 375,600 manats. The maturity date of notes is August 01, 2007.