By  Trend

An auction for placement of interest-bearing mortgage bonds worth 25 million manats of the Azerbaijan Mortgage Fund will be held at the Baku Stock Exchange (BSE) Nov. 8, the BSE said on November 6.

The nominal value of each bond is 1,000 manats. The turnover of bonds is 18 years. The annual bond yield is 3 percent.

(1.7003 manats = $1 as of November 6)