Bank Of Baku

Azerbaijan Mortgage Fund starts to float mortgage bonds

Azerbaijan Mortgage Fund starts to float mortgage bonds
# 16 June 2009 10:02 (UTC +04:00)
Baku. Nijat Mustafayev - APA-ECONOMICS. The floatation of Azerbaijan Mortgage Fund’s book-entry ordinary bonds will start on Baku Stock Exchange from June 16.

At the first phase, bonds of AZN 15 million will be put up for auction.

The maturity date is May 10, 2016. The Central Bank of Azerbaijan will also take pat in the first flotation.

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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THE OPERATION IS BEING PERFORMED