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Placement of Azerbaijan Mortgage Fundâ€™s bonds starts

13 January 2011 15:07 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Starting from January 17, 2011 the placement of interest-bearing registered secured bonds of â€œAzerbaijan Mortgage Fundâ€ (AMF) will start in Baku Stock Exchange (BSE). Initial volume of offering will be 10,000,000 AZN. The bonds are offered at par, which is 1,000 AZN. The persons who are willing to buy these bonds may apply to the licensed and BSE-member organizations.

The maturity date is December 11, 2017. 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 prospectus of the placement can be found in â€œIssuersâ€ section of BSE web-site (www.bfb.az).

The State Committee for Securities registered the issue prospectus on November 19, 2010. The total volume of offering is 60,000,000 AZN and the coupon rate is 3%.

According to the prospectus, the offering will be held publicly.