OREANDA-NEWS. On December 24, 2008 an auction on placement of short-term notes of National Bank with the state registration number 50105119S, 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 8 investors made AZN 57 232 600 at face value. Orders were presented in price range from 99.39% (YTM – 7.89%) to 99.71% (YTM – 3.74%). National Bank set cut off price on competitive orders in the amount of 99.57% (YTM – 5.55%) and weighted average price in the amount of 99.60% (YTM – 5.16%).

Volume of Notes realized at face value formed AZN 40 000 000, including noncompetitive orders of AZN 6 108 800.The maturity date of Notes is January 21, 2009.