OREANDA-NEWS. April 13, 2010. The BSE reports that in the process of the placement of the bond issue with registration number 10102326S one bidder submitted an order for AZN 3.005 million at face value that or 16.69% of the announced issue volume (AZN 18 million).

The order was submitted at the price of 99.67% (claim for profitability 1.33%).

Under Ministry’s decision, the cut-off price was fixed at the level of 99.67% (1.33%), and weighted average price conformed to it. As a result, the issue was placed for AZN 3.005 million. The maturity date of the issue with 91-day circulation term is 9 July.

As a result, in 2010 profitability of T-bills with circulation period of less than one year on cut-off price rose by 0.29% from 1.04% up to 1.33% and on weighted average price by 0.59% from 0.73% up to 1.33%.

During this year’s auctions rise of profitability on the cut-off price has totaled 0.65% as on weighted average price – 0.64%. In 2008-10, decline of profitability makes 7.72% and 6.6% respectively.

As for the issue with circulation period of around one year, its profitability on cut-off price reduced by 0.11% from 2.99% to 2.88% and on weighted average price by 0.13% from 2.99% to 2.86%.

In 2010, its decline on cut-off price is 0.11% and on average weighted price 0.13%.

In 2008-10, decline was registered on these indicators by 8.54 points and 8.84 points respectively.

In 2010, the MoF registered T-bill issue prospectus for AZN 1.1 bn. It has set out 23 issues for AZN 266 million at face value on 22 issues (24.18% of the issue planned for this year) and has raised only AZN 25.166 million.

In 2009, the Ministry of Finance planned to issue T-bills in the amount of AZN 1.1 bn but managed to place them only for AZN 432.906 million.

In 2008, the MoF planned to issue T-bills for AZN 1.2 bn, but issued T-bills in the amount of AZN 385 million or 32.08% of this volume. At the same time the Ministry raised AZN 317.495 million or 82.47% of the volume set out for bids.

In 2007, the Ministry issued T-bills in the amount of AZN 280 million and planned to raise AZN 251 million or 93.9% of this volume. In fact it was placed T-bills for AZN 204.889 million or 77.9% of the set volume.