BAKU, Azerbaijan, June 28. The Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan will auction bonds worth 25 million manat ($8.8 million) at the Baku Stock Exchange (BSE) on June 30, Trend reports citing the BSE.
The face value of one bond amounted to 1,000 manat ($588.5) at 3.25 percent interest.
According to the BSE, the auction price of one security is 1,000 manat ($588.8 million).
The maturity period of bonds is 20 years (7,200 days). The placement underwriter is Unicapital Investment Company CJSC.
Bonds are issued by the Mortgage and Credit Guarantee Fund of Azerbaijan to secure mortgage finance.