Next placement of Azerbaijani Mortgage Fund’s bond announced

Business Materials 7 May 2012 19:53 (UTC +04:00)

Azerbaijan, Baku, May 7 /Trend A.Hasanov/

Baku Stock Exchange (BSE) is preparing for the placement of the next issue of the interest secured by book-entry registered bonds of Azerbaijan Mortgage Fund (AMF), acting under the Central Bank, in the amount of three million manat, the BSE said in a statement issued on Monday.

Bonds will be placed on May 10, 2012. . Applications will be submitted at a price of 100.4667 percent. The maturity date is defined on January 22, 2022.

Placement of the issue is held from the emission, registered in January 2012 in the amount of 30 million manat in nominal value of each bond amounted to one thousand manat at an annual rate of three percent.

Placement of bonds of this issue began on March 15 this year and currently the amount of outstanding bonds is eight million manat.

Official exchange rate on May 7 is 0.7860 AZN/USD