Azerbaijan, Baku, Dec. 17 / Trend J. Nasibova /
On Dec. 18, 2012, the next auction on placement interest bearing registered secured bonds of the Azerbaijan Mortgage Fund (AMF) will be held at the Baku Stock Exchange (BSE).
The volume of the offer will be five million manat, Baku Stock Exchange said today.
According to the prospectus, the offering will be held through a public submission at the Baku Stock Exchange CJSC. The bonds will be offered at a price of 100.8167 per cent. The maturity date is January 22, 2022.
The Azerbaijani Central Bank is the initial organiser of the bonds' placement. They are placed from the emission registered in January 2012 to the amount of 30 million manat, with a nominal value of each bond worth 1000 manat at an annual rate of three per cent.
The bonds have been placed since March 15. Securities worth 25 million manat have been sold from emission.
Today the AMF's authorised banks number 27. Around 21 insurance and 13 appraisal companies participate in the mortgage market.
The official exchange rate is 0.7849 AZN/USD on Dec. 17.