Placing interest, secured by registered non-documentary bonds of the Azerbaijan Mortgage Fund (AMF) in the amount of 3 million manat will begin August 23, 2013 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 100.4833%. In case demand exceeds supply, all orders will be filled proportionally. In the initial organizer of the bonds placement will be the Central Bank, in which the AIF operates.
Registered the issue prospectus of the Fund's bonds for a total amount of 40 million manat was registered by the State Securities Committee in December 2012. The nominal price of the bonds is equal to 1,000 manat, the interest rate is 3% per annum and maturity date - November 6, 2022-year. On today placed 92.5% (AZN 37 million) from this issue.
In 2009-2012 the Mortgage Fund placed five issues for AZN 55 million, AZN 75 million, AZN 60 million, AZN 20 million and AZN 30 million each. -15D-
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