Placing interest, secured by registered non-documentary bonds of the Azerbaijan Mortgage Fund (AMF) in the amount of AZN 5 million will begin October 14, 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 %. 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 20 million manat was registered by the State Securities Committee at the end of September 2013 . The nominal price of the bonds is equal to 1,000 manat , the interest rate is 3 % per annum and maturity date - August 23, 2023 -year. This is the first batch for sale of this issue.
In 2009-2013, Mortgage Fund places five issues for AZN 55 million, 75 million manat , 60 million manta, AZN 20 million, 30 million and 40 million manat each. -15D-
Economics
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