Bank Of Baku

Mortgage bonds floated in Azerbaijan

Mortgage bonds floated in Azerbaijan
# 17 June 2009 08:42 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. The floatation of Azerbaijan Mortgage Fund’s book-entry interest-bearing registered secured bonds was held on the Baku Stock Exchange on June 16.

Eight investors offered AZN 21 991 000 in total for the initial offering of AZN 15 000 000.
Baku Stock Exchange said the whole amount of bonds put up for auction was floated.

The State Committee for Securities registered the issue prospectus on May 29, 2009. The total volume of offering is AZN 55 000 000, face value per bond is AZN 1 000 and the coupon rate is 3% per annum. The maturity date is May 10, 2016.
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