Azerbaijan sees increase in mortgage bond demand

Another emission of secured non-documentary registered interest bonds from the Azerbaijan Mortgage Fund (AMF) to the amount of 3 million manat was placed on the Baku Stock Exchange (BSE), the BSE said on Wednesday.

Applications for the auction were presented by four investors totaling $ 32.663 million manat at face value. The entire amount of the bonds was fully placed. The applications were submitted at the current price 100.3333 percent.

The maturity date is defined on January 22, 2022.

Placement was held from the issue, registered in January 2012 in the amount of 30 million manat in nominal value of each bond of 1,000 manat at an annual rate of three percent. Today, from this emission of bonds eight million manat were placed.


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