Baku Stock Exchange carries out placement of AZN 262 800 T-bills of Finance Ministry

Baku Stock Exchange carries out placement of AZN 262 800 T-bills of Finance Ministry
# 12 August 2008 14:50 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. On August 12, 2008 placement of T-bills of Ministry of Finance with the state registration number 10304720S was carried out at Baku Stock Exchange.
Baku Stock Exchange told APA-Economics that the volume of submitted bid by 1 participator was 262 800 AZN at face value.
The bid was submitted with the 94.77% (YTM 11.51%) price.
The Ministry of Finance set the cut off price in the amount of 94.77% (YTM 11.51%) and the weighted average price in the amount of 94.77% (YTM 11.51%). The volume of T-bills realized at face value was AZN 262.800.
The maturity date of T-bills is February 03, 2009.
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THE OPERATION IS BEING PERFORMED