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Azerbaijani mortgage fund conducts fourth placement of mortgage bonds

Business Materials 24 August 2009 17:24 (UTC +04:00)

Azerbaijan, Baku, Aug. 24 / Trend /

On Aug. 24, the Baku Stock Exchange held a placement of interest-bearing book-entry, secured, registered bonds of the Azerbaijan Mortgage Fund (AMF), acting under the Central Bank, in the amount of five million manat, the exchange said in a statement, issued on Monday.

On Aug. 24, 2009 the second auction of interest-bearing registered secured bonds of Azerbaijan Mortgage Fund (AMF) in the amount of 5,000,000 AZN was conducted in the Baku Stock Exchange (BSE).

The orders were received from 2 investors in the total amount of 7,949,000 AZN.

The offer was fully placed at current price of 100.5750%.

The maturity date of bonds is May 10, 2016.

The total volume of the emission is 55 million manat in face value of 1,000 manat for each. So far, the fund placed bonds worth 25 million manat of this emission and the first placement held on June 16.

On Aug. 24, the official exchange rate is 0.8039 manat to $1.

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