BAKU, Azerbaijan, August 25. The Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan placed bonds worth 25 million manat ($14 million) with a circulation period of 7,200 days at the Baku Stock Exchange (BSE) on August 25, Trend reports citing the BSE.
According to the BSE, two investors submitted two applications during the auction. The total amount of nominal bids amounted to 25 million manat ($14 million), while the placement volume was 25 million manat ($14 million).
The maturity date of the bonds is March 17, 2042.