Azerbaijan, Baku, August 19 / Trend , I.Khalilova /
Azerbaijan Mortgage Fund (AMF) at the Central Bank of Azerbaijan announced the next placement of interest-bearing, secured, personal bonds in amount of five million manat, the Fund said on August 19.
"Mortgage bonds will be exhibited on Baku Stock Exchange at the current price -100.5750 manat, and they will be placed through licensed brokers and members of the Exchange," said the Fund.
The total amount of bonds is 55 million manat, with a nominal value of each bond in 1,000 manat. Currently bonds totaling 25 million manat were placed, and the first placement was held on 16 June.
The interest rate on mortgage bonds is 3 percent per annum. The maturity date of bonds is May 10, 2016. If demands exceed offers, all the appeals will be supplied in proportional order. The Azerbaijani Central Bank will be a primary organizer of the bonds placement.