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AMF to place next part of bonds

Business Materials 29 May 2011 13:10
An auction on placement of the next interest-bearing registered book-entry secured bonds by the Azerbaijan Mortgage Fund (AMF) under the Central Bank of Azerbaijan (CBA) in the amount of 5 million manat will be held on May 31, the AMF said.
AMF to place next part of bonds

Azerbaijan, Baku, May 29 / Trend/

An auction on placement of the next interest-bearing registered book-entry secured bonds by the Azerbaijan Mortgage Fund (AMF) under the Central Bank of Azerbaijan (CBA) in the amount of 5 million manat will be held on May 31, the AMF said.

According to the report, the placement will be held by public subscription. The bonds will be put for auction at a price - 101.116.7.

The maturity date is Dec.11, 2017. If demand exceeds supply, all orders will be ensured proportionally. The CBA will act as the initial organizer of placing the bonds.

The placement is carried out from the third issue of registered book-entry bonds registered in the amount of 60 million manat with an interest rate of three percent per annum and a nominal value of 1,000 manat each. The placement of this issue started from Jan.17 and bonds worth 33 million have been sold up to date.

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