Azerbaijan, Baku, Oct.21/ Trend /
From Oct.25, 2010 next auction on placement interest-bearing non-documentary, registered unsecured bonds of "Azerbaijan Mortgage Fund" (AMF) in the amount of 3 million manat will start at the Baku Stock Exchange (BSE), the BSE said.
According to the prospectus the offering will be held through public offering at Baku Stock Exchange CJSC. The bonds will be offered at price of 102.7818.
The maturity date is December 11, 2019. In case the orders exceed offering, all of the orders will be filled proportionally. Central Bank of Azerbaijan Republic is the initial organizer of bonds' placement.
The Azerbaijani State Securities Committee registered the placement of AMF bonds Dec. 30, 2009. The total bond value is 75 million manat. The BSE has so far placed bonds worth 59 million manat or 78 percent.
The official exchange rate is 0.8012 manat to $1 Oct. 21.