Demand for mortgage bonds in Azerbaijan exceeds supply by 7 times

Business Materials 31 May 2011 19:00 (UTC +04:00)

Azerbaijan, Baku, May 31 / Trend /

On May 31, 2011 the auction of interest-bearing registered secured bonds of Azerbaijan Mortgage Fund (AMF) in amount of 5,000,000 manat was conducted in Baku Stock Exchange (BSE).

The volume of submitted bids by 4 participators was 35.013.000 manat at face value.

The offering was fully placed at current price of 101.1167 percent.

The maturity date of bonds is December 11, 2017.

The official exchange rate is 0,7894 manat to $1..