BAKU, Azerbaijan, March 29. The Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan placed bonds worth 20 million manat ($11.77 million) with a circulation period of 7,920 days at the Baku Stock Exchange (BSE) on March 29, Trend reports citing the BSE.
According to the BSE, two investors submitted applications during the auction. The auction price made up 1,000 manat ($588.58). The total amount of nominal bids amounted to 40 million manat ($23.5 million), while the placement volume was 20 million manat ($11.77 million), which indicated a doubling of demand over supply.
The maturity date of the bonds is December 4, 2043.