Placement of interest, secured by non-documentary registered bonds of the Azerbaijan Mortgage Fund (AMF) in the amount of AZN 5 million to begin December 18, 2012 at the Baku Stock Exchange.
According to the fund, the sale of the bonds will be conducted by public subscription. Ten-year securities will be offered for sale at the current price of 100.8167%. If demand exceeds supply, all orders will be filled proportionally. The initial organizer of bonds' placement is Central Bank, which operates the AMF.
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 of 3% per annum, maturity date - January 22, 2022-year. Today, the fund posted AZN 25 million from the last issue.
In 2009-2012 Mortgage Fund places issues for AZN 55 million, 75 million manta, AZN 60 million and 20 million manats each. - 15D -
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