T-bills placed on Baku Stock Exchange

The total amount was AZN 2,000,000, face value per bond was AZN 200, and turnover period was 182 days.

As APA reports, the amount of submitted bids by 2 participators was AZN 1,811,600 at face value. Orders were submitted in price range from 95.24% (YTM – 10.02%) to 95.25% (YTM – 10.00%).

The Ministry of Finance set the cut off price in the amount of 95.24% (YTM – 10.02%) and the weighted average price in the amount of 95.24% (YTM – 10.02%). The volume of T-bills realized at face value was AZN 1,811,600, including AZN 88,800 of noncompetitive bids.

The maturity date of T-bills is August 21, 2007.