Azerbaijan, Baku, Dec. 9 /Trend/
The regular payment of the Azerbaijani Mortgage Fund's (AMF) interest, registered, book-entry, secured bonds was completed yesterday, the Baku Stock Exchange reported today.
The Azerbaijani State Securities Committee registered the issue of AMF bonds on May 29, 2009
The bonds were issued at 55 million manat with a nominal value of 1,000 manat each.
The bonds have been placed since June 16, 2009. The maturity date is May 10, 2016.
To date, the AMF has issued 6,000 loans totaling 240 million manat through its 21 agent banks.
The AMF was established as a PSE in September 2005 by presidential decree. Its charter was approved by a separate presidential decree in December 2005. The AMF's main purpose is to create funding mechanisms that provide home ownership to Azerbaijani citizens, through long-term financing, and to attract domestic and foreign investments to mortgage financing.
The official exchange rate is 0.7990 manat to $1.