BAKU/19.12.12/TURAN last in this year's auction of interest, secured by non-documentary registered bonds of the Azerbaijan Mortgage Fund (AMF) in the amount of AZN 5 million on 18 December 2012 on the BSE.
Ten-year securities were offered for sale at the current price of 100.8167%. At the stated amount of bonds to AZN 5 million the demand for them on the part of one applicant exceeded 9.9 mln at face value. Total volume of bonds for the auction was fully invested.
The prospectus registered bonds of the fund for a total amount of 30 million manat was registered by the State Committee for Securities in January 2012. The nominal price of a bond is equal to 1,000 manats, the interest rate is 3% per annum, and the maturity date is January 22, 2022. Thus, the Fund completed the placement of bonds of the latest issue.
In 2009-2012 Mortgage Fund places issues for AZN 55 million, AZN 75 million, AZN 60 million and AZN 20 million each. - 15D -
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