Demand for bonds increases proposal
Azerbaijan, Baku, July 19 / Trend /
On Monday interest paperless, unsecured, registered bonds of the Azerbaijan Mortgage Fund to the amount of 3 million manat are placed at Baku Stock Exchange, a message said.
Total bids submitted by four investors, amounted to 5.982 million manat at par (actually 6195 880.42 manat).
Applications are submitted under the current price of 103.5754 percent.
The total volume of bonds represented at the auction was fully invested.
The maturity date is December 11, 2019.
The total emission is 75 million manat an interest rate of 3.25 percent per annum.
On July 19, the official exchange rate is 0.8037 manat to $1.