Baku. Nijat Mustafayev – APA-Economics. The Azerbaijan Mortgage Fund under the Central Bank, which has not set out its bonds since 4 February, has discouraged the investors from the habit to buy its bonds. Today alone the AMF continued placement of the sixth issue of book-entry, secured, registered bonds, but demand for their 5th tranche exceeded the supply only by 3.94% against exceeding of 15.679-fold during the placement of the 4th tranche.
The Baku Stock Exchange reports that on 13 May the two investors submitted the bids for AZN 5.197 million for purchase of the 5th tranche of the sixth bonds issue, equal to AZN 5 million.
The selling price of bonds totaled 101.1333% of nominal which is AZN 1,000.
The first tranche of bonds of this issue was placed on 28 December 2012 for AZN 3 million, the 2nd tranche for AZN 3 million on 15 January 2013, the 3rd tranche for AZN 5 million on 21 January, and the 4th tranche for AZN 3 million on 4 February.
As a result, today the 6th issue of the AMF bonds has been placed for 47.5% or AZN 19 million.
On 21 December, the State Securities Committee registered the prospectus of the 6th issue of AMF bonds under number AZ2006008687. In accord with the prospectus the AMF will issue 40,000 bonds with par value of 1,000 each and AZN 40 million from the market. The circulation period of these bonds is 10 years and interest rate is 3% per annum.
On 18 December the AMF finished placement of the 5th issue of bonds (AZ200500868) – AZN 30 million with interest rate of 3%. They are in circulation for 3,600 days and redemption date on them is 22 January 2022.
As a result, the AMF has successfully placed 5 issues of bonds for totally AZN 240 million (AZN 55 million, AZN 75 million, AZN 60 million, AZN 20 million, and AZN 30 million respectively).
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