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First mortgage issue placement to be completed on Jan. 15

13 January 2010 11:50 (UTC +04:00)

Baku. Nijat Mustafayev - APA-Economics. Sfrom January 15, 2010 the last bulk of the interest-bearing registered bonds of â€œAzerbaijan Mortgage Fundâ€ (AMF) will be sold on the Baku Stock Exchange.
The volume of offering will be 3,000,000 AZN. According to the prospectus the offering will be held through public offering at Baku Stock Exchange CJSC. The bonds will be offered at current price of 100.2750.
The maturity date is May 10, 2016. In case the orders exceed offering, all of the orders will be filled proportionally. Central Bank of Azerbaijan Republic is the initial organizer of bondsâ€™ placement.
The placement of the bonds has started from June 16, 2009. So far the total amount of 52 000 000 AZN was offered and fully placed.