Placement of interest, secured by non-documentary registered bonds of the Azerbaijan Mortgage Fund (AMF) in the amount of 3 million manat will begin January 15, 2013 at the Baku Stock Exchange.
According to the fund bond sales will be conducted by public subscription. Ten-year securities will be offered for sale at the current price of 100.15%. 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 40 million manat was registered by the State Committee for Securities in December last year. The nominal price of a bond is equal to 1 000 manats, the interest rate of 3% per annum, maturity date - November 6, 2022. Today posted 7.5% (AZN 3 million) in this issue.
In 2009-2012 Mortgage Fund places five issues for AZN 55 million, 75 million, 60 million, 20 million and 30 million each. - 15D -
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