Azerbaijan places 44 percent of uncertificated mortgage bonds
Azerbaijan, Baku, May 17 / Trend U. Ismayilova /
On Monday, the Baku Stock Exchange (BSE) placed regular emission of interest paperless, unsecured bearer bonds of the Azerbaijan Mortgage Fund (AMF), acting at the Central Bank of Azerbaijan (CBA) to the amount of five million manat, the AMF said.
Total volume of applications submitted by three investors, amounted to 5.189 million manat compared to the proposed five million manat. Applications were submitted under the current price of 103.0371 percent. The total volume of bonds represented at the auction was fully invested.
Issue of unsecured bonds to the amount of 75 million manat was registered December 30, 2009. About 75,000 uncertificated interest unsecured bonds of the Mortgage Fund at par value of each 1,000 manat were registered. Last date for redemption is determined December 11, 2019.
Placing began February 1.
On May 17, the official exchange rate is 0.8036 manat to $1.