OREANDA-NEWS. On February 13, 2008 an auction on placement of short-term notes of National Bank with the state registration number 50100619S, total volume AZN 80,000,000, volume put-up to the auction AZN 70, 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 15 investors made AZN 45,758,600 at face value. Orders were presented in price range from 99,00% (YTM – 12,99%) to 99,18% (YTM – 10,63%).

National Bank set cut off price on competitive orders in the amount of 99,15% (YTM – 11,02%) and weighted average price in the amount of 99,16% (YTM – 10,89%). Volume of Notes realized at face value formed AZN 41,719,600, including noncompetitive orders of AZN 1,803,800.

The maturity date of Notes is March 12, 2008.