Demand for mortgage bonds slightly exceeds supply in Azerbaijan

Photo: Demand for mortgage bonds slightly exceeds supply in Azerbaijan / Economy news

Azerbaijan, Baku, May 21 / Trend A. Akhundov /

Azerbaijan Mortgage Fund (AMF) under the Central Bank placed 10 million manat of the sixth issue of interest-bearing secured registered bonds, the Baku Stock Exchange said on Monday.

The bonds worth 10 million manat were put for the auction, but demand exceeded supply by 3.71 percent.

The bids were submitted by two investors to the amount of 10.37 million manat. The bids were presented at a price of 101.1917 percent of face value. The maturity date is November 6, 2022.

AMF registered the issue of secured bonds to the amount of 40 million with par value of 1,000 manat in the State Securities Committee on December 21. The bonds worth 29 million manat given the recent placement have been placed from this issue.

The maturity period is 10 years with annual interest rate of 3 percent.
The official exchange rate is 0,7847 AZN/USD on May 21.

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