An auction on placement of interest, non-documentary registered secured bonds of the Azerbaijan Mortgage Fund (AMF) in the amount of AZN 5 million on 21 January 2012 on the BSE.
Ten-year securities were offered for sale at the current price of 100.2%. At the stated amount of bonds was AZN 5 million and demand for them by the two bidders exceeded 32.9 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 40 million manat was registered by the State Committee for Securities on Friday. The nominal price of a bond is equal to 1 000 manats, the interest rate of 3% per annum, and the maturity date is November 6, 2022. Today posted 27.5% (AZN 11 million) in this issue.
In 2009-2012 Mortgage Fund places five issues for AZN 55 million, AZN 75 million, AZN 60 million, AZN 20 million and AZN 30 million manat each. - 15D -
Economics
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