Bidding on the bonds of the first issue of AMF led to another decline in yield

January 10, at the Baku Stock Exchange held a regular transaction of the first issue of bonds issued by Azerbaijan Mortgage Fund (AZ2001008682).

As part of the deal as a market maker PASHA Bank has provided the sale of these securities in the amount of 1.5 million a day later, on January 11, were fixed on the sale of securities in the amount of 1 and 1.5 bn with yields of 2.97% and 2.962% respectively. We wish to note that, due to increased demand, the yield on this security has decreased by 0.008% to 2.962%.

Note that one of the leading banks of the country - PASHA Bank - started to provide market-making services for mortgage bonds of the Azerbaijan Mortgage Fund in mid-2012. According to a member of the Management Board, Chief Investment Director (CIO) Taleh Kazimov, given the high liquidity in the market, the yield of 7-year mortgage-backed securities (AZ200100868) in the secondary market fell below 3% and is listed within the yield 2.97% - 2.99%.

Up to this point in the corridor on this paper were carried out transactions in the order of 10.2 million AZN. To maturity of the securities held as collateral mortgage bonds, less than 4 years.

Recall that PASHA Bank is also the first to provide market-making services for corporate securities. Last year, the bank issued corporate bonds 4 emitters (representatives of various industries, including banking and telecommunications sector) to the tune of 70.4 million AZN

The results of PASHA Bank in the investment direction are highly appreciated the professional community, which is why the Bank was honored with prestigious international financial magazine EMEA Finance in the "Best Investment Bank of Azerbaijan."

PASHA Bank plans to further strengthen its position as a market professional, organizing issues new issuers, and to develop the securities market. -15D -