OREANDA-NEWS. On December  14, 2007. The National Bank (NB) of Azerbaijan has placed the issue of short-term notes with state registration number 50100718S at the Baku Stock Exchange (BSE) by 100% of the announced volume.

The BSE reported that on December 12, total volume of orders submitted by the 13 investors made AZN 73,984,600 at face value or 105.7% of the announced issue (AZN 70 million).

The orders were presented in price 99.13% (claim for profitability: 11.28%).

The NB set cut off price on competitive orders in the amount of 99.13% (profitability 11.28%) and weighted average price conformed to it.

As a result, the issue was placed by AZN 70 million. Circulation period of the notes is 28 days. The maturity date of notes is January 9, 2008.

Compared to the previous auction, profitability on cut off price grew by 1.51% from 12.79% up to 11.28% and on weighted average price by 0.63% - from 11.91% up to 11.28%. Thus, for the last 17 auctions profitability grew by 1.83% on minimum price (from 9.45% to 11.28%) and by 1.67% on weighted average price (from 9.06% to 11.28%). So in 2005-07 overall growth profitability on cut off price totaled 7.21% and on weighted average price 7.99%.

In 2007, the NB registered the issue of notes in the amount of AZN 3 bn. It has been set out 49 issues of NB notes and raised AZN 1,690,491,900.