As APA reports, 4 investors participated in the auction and total volume of submitted orders formed AZN 3302400 at face-value. Orders were submitted in price level 96.98% at face value (rate of return – 12.49%) – 97.20% (rate of return – 11.55%).

The Ministry of Finance set cut off prices on competitive orders in amount of 97.11% (rate of return – 11.93%) and weighted average price 97.16% (rate of return – 11.72%). Volume of issue realized at face-value was determined in amount of AZN 2 million including AZN 398.8 thousand of non-competitive orders. Maturity date of the loans is April 24, 2006.