BAKU, Azerbaijan, April 14. Azerbaijan's Mortgage and Credit Guarantee Fund will auction bonds worth 70 million manat ($41.1 million) at the Baku Stock Exchange (BSE) on April 17, Trend reports citing the BSE.
The nominal value of one bond is 1,000 manat ($588.2) at 3.25 percent interest.
According to the BSE, the auction price of a security is 1,001 manat ($588.8).
The maturity period of bonds is 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.