OREANDA-NEWS. On January 23, 2007 an auction on placement of short-term notes of National Bank with the state registration number 50100319S, total volume AZN 50,000,000, volume put-up in auction AZN 32, 000, 000, face value per note AZN 200, and turnover period 28 days was carried out on Baku Stock Exchange, reported the press-centre of Baku Stock Exchange.

Total volume of orders submitted by 8 investors made AZN 59,984,400 at face value.

Orders were presented in price range from 99,11% (YTM – 11,55%) to 99,18% (YTM – 10,63%). National Bank set cut off price on competitive orders in the amount of 99,16% (YTM – 10,89%) and weighted average price in the amount of 99,18% (YTM – 10,63%). Volume of Notes realized at face value formed AZN 32,000,000.

The maturity date of Notes is February 20, 2008.