Demand for mortgage bonds in Azerbaijan oversubscribed almost 11-fold
Azerbaijan, Baku, June 21 /Trend A.Hasanov/
Another section of the issue of secured non-documentary registered interest bonds of the Azerbaijan Mortgage Fund (AMF), acting under the Central Bank was placed on Baku Stock Exchange (BSE) to the sum of three million manat, the BSE said on Thursday.
Applications for the auction were represented by two investors, totalling 32.22million manat at face value. The entire amount of the bonds was fully invested. Applications were submitted at the current price of 100.8167 per cent. The maturity date is defined on January 22, 2022.
Placement was held from the emission registered in January 2012 in the amount of 30 million manat in nominal value of each bond of one thousand manat at an annual rate of three per cent.
Placement of the bonds of this issue began on March 15, 2012, and currently the amount of placed bonds has reached 20 million manat.
Official exchange rate on June 21 is 0.7857 AZN/USD