BAKU, Azerbaijan, September 6. The Baku Stock Exchange (BSE) hosted an auction on the bond placement of Azerbaijan's Mortgage and Credit Guarantee Fund in the amount of 25 million manat ($14.7 million) on Septmber 8, Trend reports citing the BSE.
The face value of one bond amounted to 1,000 manat ($588) at 3.25 percent interest.
According to the BSE, the auction price of one security is 1,006 manat ($591 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.