Azerbaijani mortgage fund to auction manat bonds

Business Materials 20 February 2018 16:59 (UTC +04:00)

Baku, Azerbaijan, Feb. 20

By Anvar Mammadov – Trend:

An auction for placement of the third tranche issuance of registered interest-bearing mortgage bonds worth 10 million manats of the Azerbaijan Mortgage and Credit Guarantee Fund will be held at the Baku Stock Exchange (BSE) Feb. 22, the Fund said Feb. 20.

The nominal value of each bond is 1,000 manats. The bonds will be put up for sale at the price of 1.006 million manats.

The turnover of bonds is 18 years.

(1.7001 manats = $1 on Feb. 20)