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AMF bonds to be auctioned from next week

23 October 2009 15:50 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Starting from October 26, 2009 the next auction of interest-bearing registered bonds of â€œAzerbaijan Mortgage Fundâ€ will start in 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 101.1000.
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 38 000 000 AZN was offered and fully placed.
The persons willing to buy these bonds may apply to the licensed and BSE-member organizations.