AMF to put up AZN 5 mln-bonds for auction

Baku: APA-Economics. On April 1, an auction on placement of interest-bearing, book-entry, secured shares of Azerbaijan Mortgage Fund will be held at BSE.

AMF told APA-Economics that the volume of the issue will be AZN 5 mln. The bonds will be offered at price of 100.6500. Persons, who want to acquire bonds, can apply to organizations, which are member of “Baku Stock Exchange” CJSC and have a brokerage license.

Maturity date is November 21, 2024. If the assigned orders more than offer, then the orders will be provided proportionally. The organization, which participate in initial placement of bonds: Central Bank of the Republic of Azerbaijan.

State Committee for Securities registered emission prospectus of secured, interest-bearing, book-entry shares of Azerbaijan Mortgage Fund on December 30, 2014.

Baku Stock Exchange says the volume of the issue is AZN 50 mln, face value – AZN 1,000, interest rate – 3%.

The placement will be held in public offering. The depository and Superintendent services will be provided by National Depository Centre

The placement of these bonds were started on January 13, 2015 and AZN 3,000,000 has been placed at auction so far,.

SOURCE: Azeri Press News Agency