OREANDA-NEWS. On December 17, 2008 an auction on placement of short-term notes of National Bank with the state registration number 50105019S, total volume AZN 50 000 000, volume put-up to the auction AZN 40 000 000, 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 6 investors made AZN 42 690 400 at face value. Orders were presented in price range from 99.61% (YTM – 5.03%) to 99.69% (YTM – 4.00%). National Bank set cut off price on competitive orders in the amount of 99.67% (YTM – 4.26%) and weighted average price in the amount of 99.68% (YTM – 4.13%).

Volume of Notes realized at face value formed AZN 40 000 000, including noncompetitive orders of AZN 6 156 400. The maturity date of Notes is January 14, 2009.