Bank Of Baku

Baku Stock Exchange won’t charge commission for mortgage bond placement

Baku Stock Exchange won’t charge commission for mortgage bond placement
# 02 June 2009 10:10 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Baku Stock Exchange held a board meeting on June 1 to discuss the ways of supporting newly originated mortgage bonds issues backed by Azerbaijan Mortgage Fund.
In order to support the development of mortgage bonds market, the Board passed a decision to waive the issuer commissions for the placement of mortgage bonds.

Azerbaijan’s State Committee for Securities registered the issue prospectus of book-entry ordinary bonds on May 29, 2009.

The face value per bond is AZN 1 000 and total amount is AZN 55 million.
In general, the bonds will refinance the mortgage and its sustainability.
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