AMF to hold regular placement of bonds in early May

An auction on placement of the next interest-bearing registered book-entry secured bonds by the Azerbaijan Mortgage Fund (AMF) under the Central Bank of Azerbaijan in the amount of three million manat will be held on May 2, the AMF said.

According to the report, the placement will be held by public subscription. The bonds will be put for auction at a price - 100,875.

The maturity date is Dec.11, 2017. If demand exceeds supply, all orders will be ensured proportionally.The CBA will act as the initial organizer of placing the bonds.

The placement is carried out from the third issue of registered book-entry bonds registered in the amount of 60 million manat with an interest rate of three percent per annum and a nominal value of 1,000 manat each. The placement of this issue started from Jan.17.


/Trend/