Demand for mortgage bonds exceed supply by 13 percent in Azerbaijan

On October 18, 2011 the auction of interest-bearing registered secured bonds of Azerbaijan Mortgage Fund (AMF) in amount of 3 million manat was conducted in Baku Stock Exchange (BSE).

The volume of submitted bids by 3 participators was 3. 394 million manat at face value.

The offering was fully placed at price of 100.1167 percent.

The maturity date of bonds is August 28, 2018.

The State Securities Committee of Azerbaijan registered the fourth issue of interest-bearing secured bonds of AMF in the amount of 20 million manat in September.

Within the issue 20,000 bonds with par value of 1,000 manat each were issued. Life of bonds is 2,520 days. The issue will be carried out through public offering.


/Trend/