Azerbaijan, Baku, Dec.22 / Trend /
Azerbaijan will launch the placement of new secured bonds from the Azerbaijani Mortgage Fund worth 5 million manat from Dec. 24, the Baku Stock Exchange reported.
The placement will be conducted by public subscription.
The date of maturity is May 10, 2016. If demand exceeds supply, all applications will be suited in the proportional manner. The Central Bank of Azerbaijan will be the placement's organizer.
The placement of AMF bonds began June 16. So far, the auction has presented bonds worth $44 million manat. The total bond issue is 55 million manat. The nominal cost of each bond is 1,000 manat.
On Dec.22, the official exchange rate is 0.8033 manat to $1.