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Demand for mortgage bonds in Azerbaijan exceededs supply by 1.6 times

Business Materials 5 July 2011 18:06
On July 5, 2011 the auction of interest-bearing registered secured bonds of Azerbaijan Mortgage Fund (AMF) in amount of 3,000,000 manat was conducted in Baku Stock Exchange (BSE).
Demand for mortgage bonds in Azerbaijan exceededs supply by 1.6 times

Azerbaijan, Baku, July 5 / Trend /

On July 5, 2011 the auction of interest-bearing registered secured bonds of Azerbaijan Mortgage Fund (AMF) in amount of 3,000,000 manat was conducted in Baku Stock Exchange (BSE).

The volume of submitted bids by 2 participators was 4.929.000 manat at face value.

The offering was fully placed at current price of 101.4083 percent.

The maturity date of bonds is December 11, 2017.
The official exchange rate is 0.7868 manat to $1.

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