Azerbaijani Mortgage Fund places nearly 87 percent of unsecured bonds
Azerbaijan, Baku, Nov. 23 / Trend N. Ismayilova /
The Azerbaijani Mortgage Fund's (AMF) next issue of interest-bearing non-documentary unsecured bonds worth 3 million manat under the Central Bank of Azerbaijan was placed at the Baku Stock Exchange (BSE) yesterday.
The total amount of applications submitted by five investors was 4.219 million manat. The applications were submitted at the current price of 103.0287 percent. The whole volume of the bonds was fully placed.
The maturity date of the bonds is December 11, 2019. The Azerbaijani State Securities Committee registered the placement of the bonds on Dec. 30, 2009.
The total bond value is 75 million manat.The official exchange rate was 0.7999 manat to $1 on Nov. 23.