Placement of next bulk of the Azerbaijan Mortgage Fund’s bonds

Placement of next bulk of the Azerbaijan Mortgage Fund’s bonds
# 27 May 2010 13:24 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. On May 27, 2010 the next auction of interest-bearing registered unsecured bonds of “Azerbaijan Mortgage Fund” (AMF) started in Baku Stock Exchange (BSE).

The volume of offering was 5,000,000 AZN (in fact AZN 5.523 mln). According to the prospectus the offering was held through public offering at Baku Stock Exchange CJSC. The bonds were offered at price of 103.1223.

The maturity date is December 11, 2019.

The placement of the second issues bonds has started from February 01, 2010. So far the total amount of 38 000 000 AZN was offered and fully placed.

The State Committee for Securities registered the issue prospectus on December 30, 2009. The total volume of offering is 75,000,000 AZN and the coupon rate is 3.25%.
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THE OPERATION IS BEING PERFORMED